Form 4: Zscaler CRO Sells Shares for Tax Obligations

Zscaler's CRO and President of WW Sales, Michael J. Rich, sold 4,100 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Michael J. Rich, Zscaler's CRO and President of WW Sales, reported a transaction on December 16, 2025.
• He disposed of 4,100 shares of Zscaler common stock at a price of $230.8193 per share.
• This sale was not a discretionary trade but was executed to cover tax withholding obligations associated with the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans.
• Following this transaction, Michael J. Rich beneficially owns 107,497 shares of Zscaler common stock.
• The reported beneficial ownership includes 45 shares acquired under Zscaler's Fiscal Year 2018 Employee Stock Purchase Plan on December 15, 2025.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale to cover tax obligations upon RSU vesting, which is a neutral event for the company's stock price and does not reflect management's view on the company's future performance.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale is a routine, non-discretionary event for tax purposes and is unlikely to have a significant impact on shareholder sentiment or the company's operational performance.
• Employees: The transaction reflects standard equity compensation practices for executives.

Key Dates

Keywords

Zscaler, ZS, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, Tax Withholding, Michael J. Rich, Corporate Officer, Equity Incentive Plan