Form 4: Zscaler CEO Jagtar Singh Chaudhry Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
Zscaler's CEO, Jagtar Singh Chaudhry, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Jagtar Singh Chaudhry, CEO and Chairman of Zscaler, Inc., reported a transaction involving the sale of 2,155 shares of common stock on March 18, 2025, at a weighted average price of $199.1463 per share.
- The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans.
- Following the transaction, Chaudhry directly owns 356,414 shares and indirectly owns 2,177,994 shares through The RSJ Trust, 24,363,128 shares through The RSP Trust, and 6,666 shares through The P. Jyoti Chaudhry Family Trust.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes. It doesn't indicate any significant positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors regarding their trading activities. This transaction is related to tax obligations, a common occurrence when restricted stock units vest.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/01/2000 | Date of The P. Jyoti Chaudhry Family Trust |
| 06/07/2017 | Date of The RSJ Trust and The RSP Trust |
| 03/18/2025 | Date of stock sale transaction |
| 03/19/2025 | Date of signature by power of attorney |
Keywords
Zscaler, Jagtar Singh Chaudhry, stock sale, Form 4, tax withholding, restricted stock units, equity incentive plans, beneficial ownership
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