Form 4: Zscaler CTO Syam Nair Sells Shares to Cover Tax Obligations

Zscaler's Chief Technology Officer, Syam Nair, sold 4,064 shares of common stock on June 17, 2025, at a price of $303.7021 per share, primarily to cover tax withholding obligations related to restricted stock unit vesting.

Summary

• Syam Nair, the Chief Technology Officer (CTO) of Zscaler, Inc. (ZS), reported a transaction on June 17, 2025.
• The transaction involved the sale of 4,064 shares of Zscaler Common Stock at a price of $303.7021 per share.
• This sale was explicitly stated to cover tax withholding obligations in connection with the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans, and was not a discretionary trade by Mr. Nair.
• Following this transaction, Syam Nair beneficially owns 106,659 shares of Zscaler common stock.
• The reported beneficial ownership also includes 157 shares acquired under Zscaler's Fiscal Year 2018 Employee Stock Purchase Plan on June 16, 2025.

Sentiment

Score: 5

Explanation: The transaction is a non-discretionary sale of shares by an executive to cover tax withholding obligations upon the vesting of restricted stock units, which is a routine event and does not indicate a change in sentiment towards the company.

Future Outlook

NA

Management Comments

• The sale of shares by the Reporting Person (Syam Nair) was to cover tax withholding obligations in connection with the vesting of restricted stock units as mandated by the Issuer's election under its equity incentive plans and does not represent a discretionary trade by the Reporting Person.

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, non-discretionary tax-related transaction by an executive, rather than a discretionary sale that might signal a change in confidence.

Key Dates

Recommendation

Keywords

Zscaler, ZS, Syam Nair, CTO, SEC Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, RSU, Employee Stock Purchase Plan, ESPP