Form 4: Zscaler CTO Syam Nair Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Zscaler's CTO, Syam Nair, sold 3,677 shares of common stock on June 18, 2024, at a price of $180.93 per share to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 18, 2024, Syam Nair, the CTO of Zscaler, Inc., sold 3,677 shares of Zscaler's common stock.
- The sale price was $180.93 per share.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Syam Nair directly owns 133,617 shares of Zscaler common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives of publicly traded companies.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small percentage of the total outstanding shares and is for tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of the stock sale transaction. |
| 06/20/2024 | Date of signature on the Form 4 filing. |
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