Form 4: Zscaler CFO Sells Shares to Cover Tax Obligations

Chief Financial Officer of Zscaler, Remo Canessa, sold 3,721 shares of common stock on March 18, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• Remo Canessa, the Chief Financial Officer of Zscaler, Inc., reported a transaction involving the sale of company stock.
• On March 18, 2025, Canessa sold 3,721 shares of Zscaler common stock at a weighted average price of $199.1452 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, Canessa directly owns 213,702 shares of Zscaler common stock.

Sentiment

Score: 5

Explanation: The document reports a routine transaction (stock sale for tax obligations). 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 corporate executives.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Zscaler, Remo Canessa, stock sale, Form 4, tax obligations, restricted stock units, equity incentive plans, beneficial ownership, CFO