Form 4: Zscaler CLO Reports Routine Stock Transactions

Zscaler's Chief Legal Officer, Robert Schlossman, reported a gift of 2,000 shares and a sale of 3,832 shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Robert Schlossman, Chief Legal Officer of Zscaler, Inc. (ZS), reported changes in his beneficial ownership of common stock.
• On September 15, 2025, Schlossman gifted 2,000 shares of Zscaler common stock.
• On September 16, 2025, Schlossman sold 3,832 shares of Zscaler common stock at a weighted average price of $280.6966 per share.
• The sale was non-discretionary, executed solely to cover tax withholding obligations upon the vesting of restricted stock units (RSUs) as mandated by Zscaler's equity incentive plans.
• Following these transactions, Schlossman directly holds 83,138 shares and indirectly holds 66 shares through his spouse.

Sentiment

Score: 5

Explanation: The transactions reported are routine insider activities, specifically a gift and a non-discretionary sale to cover tax obligations related to RSU vesting. These types of transactions are common and generally do not indicate a change in management's outlook or company fundamentals.

Negatives

• Reporting Person's direct beneficial ownership decreased by 3,832 shares due to the sale.

Future Outlook

NA

Management Comments

• The sale of shares represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units as mandated by the Issuer's election under its equity incentive plans and does not represent a discretionary trade by the Reporting Person.

Industry Context

NA

Related Party Transactions

• 66 shares are held indirectly by the reporting person's spouse.

Stakeholder Impact

• Shareholders: The reduction in direct insider ownership due to the sale is minimal in the context of total shares outstanding and is a routine event for equity compensation.

Key Dates

Recommendation

This Form 4 details routine insider transactions, including a gift and a non-discretionary sale to cover tax obligations from RSU vesting. Such transactions are common for executives and do not typically signal a change in the company's fundamental outlook or performance. Therefore, the filing itself does not provide new information that would alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

Zscaler, ZS, Robert Schlossman, insider transaction, Form 4, equity, common stock, restricted stock units, RSU, tax withholding