Form 4: Zscaler CEO Jagtar Singh Chaudhry Sells Shares to Cover Tax Obligations
SEC Form 4
Zscaler's CEO, Jagtar Singh Chaudhry, sold 2,115 shares of common stock on March 18, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 18, 2024, Jagtar Singh Chaudhry, the CEO and Chairman of Zscaler, Inc., sold 2,115 shares of ZS common stock at a price of $193.1463 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 367,152 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 shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 2000-03-01 | Date of The P. Jyoti Chaudhry Family Trust |
| 2017-06-07 | Date of The RSJ Trust U/A and The RSP Trust U/A |
| 2024-03-18 | Date of stock sale transaction |
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