Form 4: Zscaler CLO Sells 3,200 Shares Under 10b5-1 Plan

Zscaler's Chief Legal Officer, Robert Schlossman, sold 3,200 shares of common stock for $325 per share on October 24, 2025, pursuant to a pre-arranged trading plan.

Summary

• Robert Schlossman, Chief Legal Officer of Zscaler, Inc., reported a sale of 3,200 shares of Zscaler Common Stock.
• The transaction occurred on October 24, 2025, at a price of $325 per share.
• The sale was executed under a Rule 10b5-1 trading plan, which was adopted on July 3, 2025.
• Following this transaction, Robert Schlossman directly beneficially owns 80,086 shares of Common Stock.
• An additional 66 shares are indirectly beneficially owned by the reporting person's spouse.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to insider selling, although the impact is mitigated by the fact that the transaction was pre-planned under a Rule 10b5-1 trading plan, suggesting it was not based on new, adverse information.

Positives

• The sale was conducted pursuant to a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not based on immediate, undisclosed material information.

Negatives

• Insider selling, even if pre-planned, can sometimes be perceived negatively by the market as it reduces management's direct equity stake in the company.

Related Party Transactions

• 66 shares of common stock are indirectly beneficially owned by the reporting person's spouse.

Stakeholder Impact

• Shareholders may view the insider sale with caution, although the pre-planned nature under Rule 10b5-1 reduces the likelihood of it signaling negative company-specific news.

Key Dates

Recommendation

The sale by the Chief Legal Officer, while a reduction in insider ownership, was executed under a pre-arranged Rule 10b5-1 trading plan. This indicates the transaction was scheduled in advance and not based on immediate, undisclosed material information. As a single, pre-planned transaction, it does not provide a strong signal for either buying or selling, thus a 'hold' recommendation is appropriate for investors to maintain their current position while monitoring future developments.

Keywords

Zscaler, ZS, Robert Schlossman, insider trading, Form 4, stock sale, 10b5-1 plan, Chief Legal Officer