Form 4: Zscaler CRO Sells Shares for Tax Obligations Following RSU Vesting

Zscaler's CRO and President of WW Sales, Michael J. Rich, sold 4,287 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

• Michael J. Rich, Zscaler, Inc.'s CRO and President of WW Sales, reported a transaction on June 17, 2025.
• He sold 4,287 shares of Zscaler common stock at a price of $303.7021 per share.
• This sale was explicitly stated to be non-discretionary, solely to cover tax withholding obligations in connection with the vesting of restricted stock units (RSUs) as mandated by the Issuer's equity incentive plans.
• Following this reported transaction, Mr. Rich beneficially owns 98,203 shares of Zscaler common stock.
• The reported beneficial ownership includes 90 shares acquired on June 16, 2025, under Zscaler's Fiscal Year 2018 Employee Stock Purchase Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The share sale was a routine, non-discretionary event for tax purposes, which does not signal a lack of confidence in the company. The acquisition of shares through the Employee Stock Purchase Plan is a positive indicator of continued equity participation.

Positives

• The sale of shares was for tax withholding purposes, indicating it was a non-discretionary transaction rather than a sale based on a change in management's outlook.
• The acquisition of 90 shares through the Employee Stock Purchase Plan demonstrates continued participation in the company's equity programs.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction is a routine insider filing for tax purposes and is unlikely to significantly impact investor sentiment regarding management's confidence in the company.
• Employees: The RSU vesting and Employee Stock Purchase Plan indicate ongoing equity compensation programs for employees.

Key Dates

Recommendation

Keywords

Zscaler, ZS, Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU Vesting, Tax Withholding, Employee Stock Purchase Plan, Michael J. Rich, Corporate Officer