Form 4: Zscaler CTO Syam Nair Sells $250 of Common Stock
SEC Form 4 Filing
CTO of Zscaler, Syam Nair, sold 28,947 shares of common stock at $250 per share on May 16, 2025, according to a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 16, 2025, Syam Nair, the CTO of Zscaler, Inc., sold 28,947 shares of Zscaler's common stock.
- The sale was executed at a price of $250 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 18, 2024.
- Following the transaction, Syam Nair directly owns 110,566 shares of Zscaler common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Insider sales are a common occurrence in publicly traded companies and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by a company executive could have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/18/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/16/2025 | Date of stock sale transaction |
| 05/19/2025 | Date of Form 4 filing |
Keywords
Zscaler, Syam Nair, stock sale, Form 4, CTO, Rule 10b5-1, insider trading
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