ZD ZIFF DAVIS, INC.
Price Chart
Executive Summary
Four ZD insiders (EVP/GC and three directors) collectively sold $660K in open-market shares over a 7-day period through June 8, 2026, at prices between $44.51 and $47.00. At 0.04% of the $1.7B market cap, the dollar value is immaterial and consistent with routine portfolio diversification and tax planning — not an informed bearish signal.
Key Financial Metrics
Actionable Insight
The dollar amount is too small (0.04% of cap) to warrant a bearish read-through. Jeremy Rossen's $376K EVP-level sale is the largest but still immaterial relative to his total likely equity position. Monitor the next 8-K or earnings release for any operational update that could have motivated these sales — otherwise treat as noise. Per the historical calibration, this segment's average net alpha at T+20 is -1.97% (after costs), so directional bets on this filing alone would be negative-expected-value.
Key Facts
- Total insider sales of $659,694 across four separate open-market transactions (June 2–8, 2026)
- Only one C-suite participant — EVP/General Counsel Jeremy Rossen ($376K sale); remaining three are directors
- Sales represent 0.04% of ZD's $1.7B market cap — well below the 0.1% materiality threshold
- No insider purchases exist in the cluster to offset or contextualize the sales
- Pattern shows no repeated timing or size clustering that would suggest a coordinated informed sell-off
Financial Impact
Total insider sales of $660K vs. $1.7B market cap — 0.04% — immaterial
Risk Factors
- Model calibration data shows this filing segment has a negative average net alpha (-1.97% at T+20 after costs), suggesting low predictive value for directional trades
- All four insiders sold and none bought — while dollar amounts are small, unanimity in direction could prelude modest share-price softness if broader market sentiment is negative
- EVP/GC selling $376K within a 7-day window of other directors' sales may create a negative optics headline despite economic immateriality
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ZD-1780955073098 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $46.62 awaiting T+1 | awaiting T+1 | — | $46.37 (−0.54%) |
|
Jun 5, 2026
4d ago
|
Insider Cluster
| $46.19 awaiting T+1 | awaiting T+1 | — | $46.37 (+0.40%) |
|
Jun 3, 2026
6d ago
|
Insider Cluster
| $44.54 $47.95 | ▲ +7.66% | ▲ +7.26% | $46.37 (+4.11%) |
|
Mar 26, 2026
10w ago
|
DEFA14A
| $41.64 $41.92 | ▲ +0.67% | ▲ +1.03% | $46.37 (+11.36%) |
|
Feb 26, 2026
14w ago
|
8-K
| $27.65 $27.08 | ▼ −2.06% | ▼ −1.61% | $46.37 (+67.70%) |
US Market Status
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