Form 4: Zscaler CEO Jagtar Singh Chaudhry Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zscaler CEO Jagtar Singh Chaudhry sold 2,852 shares of common stock on September 17, 2024, at a price of $171.28 to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On September 17, 2024, Jagtar Singh Chaudhry, CEO and Chairman of Zscaler, Inc., sold 2,852 shares of ZS common stock at a price of $171.28 per share.
- The sale was executed to cover tax withholding obligations associated with the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans.
- Following the transaction, Chaudhry directly owns 361,432 shares.
- Chaudhry also indirectly owns 2,177,994 shares through Jagtar S Chaudhry TTEE The RSJ Trust U/A DTD 06/07/2017, 24,389,229 shares through Jyoti Chaudhry TTEE The RSP Trust U/A DTD 06/07/2017, and 6,666 shares through The P. Jyoti Chaudhry Family Trust dated March 1, 2000.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes. It doesn't convey strong positive or negative sentiment, but is a neutral reporting of a routine transaction.
Industry Context
Insider transactions are routinely monitored and reported to the SEC. Sales to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders due to the small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| March 1, 2000 | Date of The P. Jyoti Chaudhry Family Trust |
| 06/07/2017 | Date of The RSJ Trust U/A and The RSP Trust U/A |
| 09/17/2024 | Date of stock sale transaction |
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