Form 4: Zscaler CLO Robert Schlossman Executes Tax-Related Sale

Zscaler Chief Legal Officer Robert Schlossman sold 3,146 shares of common stock to satisfy tax withholding obligations related to RSU vesting.

Summary

• Robert Schlossman, Chief Legal Officer of Zscaler, Inc., sold 3,146 shares of common stock on June 16, 2026.
• The transaction was executed at an average price of $126.4296 per share.
• The sale was conducted to cover mandatory tax withholding obligations resulting from the vesting of restricted stock units.
• Following the transaction, the reporting person maintains direct beneficial ownership of 69,366 shares.
• The filing also notes the acquisition of 122 shares via the company's FY2018 Employee Stock Purchase Plan on June 15, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was purely administrative and required for tax compliance rather than a discretionary divestment.

Positives

• The transaction was non-discretionary, specifically mandated by the issuer's equity incentive plan to cover tax liabilities.
• The reporting person retains a significant equity stake of 69,366 shares, indicating continued alignment with shareholder interests.

Negatives

• The filing reflects a reduction in the direct shareholding of a key executive, though the nature of the sale is administrative.

Risks

• None identified; this is a routine regulatory disclosure regarding tax-related equity transactions.

Future Outlook

Not applicable; this is a historical disclosure of an insider transaction.

Industry Context

StockSavvy.ai notes that tax-related 'sell-to-cover' transactions are standard practice for executives in the cybersecurity and software sectors, where equity-based compensation is a significant component of total remuneration.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for publicly traded technology companies.
• The use of Rule 10b5-1(c) or mandatory tax withholding plans is consistent with industry norms for executive compensation management.

Related Party Transactions

• The reporting person's spouse holds 66 shares of common stock.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was non-discretionary and related to tax obligations.

Key Dates

Keywords

Zscaler, ZS, Insider Trading, Form 4, Equity Compensation, Tax Withholding