Form 4: Zscaler CEO Jagtar Singh Chaudhry Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zscaler CEO Jagtar Singh Chaudhry sold shares to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- On June 18, 2024, Jagtar Singh Chaudhry, CEO and Chairman of Zscaler, Inc., sold 2,868 shares of common stock at a price of $180.93 per share.
- The sale was to cover tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Chaudhry directly owns 364,284 shares of Zscaler common stock.
- Chaudhry also indirectly owns 2,177,994 shares through The RSJ Trust, 24,389,229 shares through The RSP Trust, and 6,666 shares through The P. Jyoti Chaudhry Family Trust.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes). It doesn't indicate positive or negative sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholders, but is likely insignificant given the reason for the sale.
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 |
| 06/18/2024 | Date of stock sale transaction |
| 06/20/2024 | Date of signature for the Form 4 filing |
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