Form 4: Zscaler CEO Sells Shares for Tax Obligations

Zscaler CEO Jagtar Singh Chaudhry sold 1,941 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Jagtar Singh Chaudhry, Zscaler's CEO, Director, and 10% Owner, reported a transaction on March 17, 2026.
• The transaction involved the disposition of 1,941 shares of Zscaler Common Stock at a price of $156.5932 per share.
• This sale was explicitly stated to cover tax withholding obligations in connection with the vesting of restricted stock units, as mandated by the Issuer's equity incentive plans, and was not a discretionary trade.
• Following this transaction, Mr. Chaudhry directly beneficially owns 345,916 shares of Common Stock.
• Additionally, Mr. Chaudhry indirectly beneficially owns 2,177,994 shares through The RSJ Trust, 24,341,267 shares through The RSP Trust, and 6,666 shares through The P. Jyoti Chaudhry Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this transaction as neutral, as it is a routine, non-discretionary sale for tax purposes rather than a reflection of the insider's discretionary investment decision.

Positives

• The underlying event, the vesting of restricted stock units, represents a positive compensation event for the CEO, reflecting continued equity participation in the company's performance.

Negatives

• The reported transaction is a non-discretionary sale to cover tax obligations and does not reflect a negative discretionary decision by the CEO regarding the company's prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding Zscaler's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that sales of shares by executives to cover tax withholding obligations upon the vesting of restricted stock units are a common and routine occurrence across the technology industry and are generally not indicative of management's sentiment towards the company's future prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine administrative transaction and not a discretionary sale that would signal a change in insider sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Zscaler, ZS, Jagtar Singh Chaudhry, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Equity Compensation