Form 4: Zscaler CFO Remo Canessa Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zscaler's Chief Financial Officer, Remo Canessa, sold 7,707 shares of common stock on March 18, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 18, 2024, Remo Canessa, the Chief Financial Officer of Zscaler, Inc., sold 7,707 shares of the company's common stock.
- The sale was executed at a price of $193.1463 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans.
- Following the transaction, Canessa directly owns 255,943 shares of Zscaler common stock.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (sale of shares to cover taxes). It's neutral in sentiment as it doesn't indicate any significant positive or negative developments for the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction: Remo Canessa sold shares of Zscaler common stock. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.