Form 4: Zscaler Director Sells Shares Under 10b5-1 Plan

Zscaler Director James A. Beer sold 653 shares of common stock for $226.72 per share on January 2, 2026, under a pre-arranged trading plan.

Summary

• Director James A. Beer of Zscaler, Inc. sold 653 shares of common stock.
• The transaction occurred on January 2, 2026.
• The shares were sold at a price of $226.72 per share.
• The sale was executed pursuant to a Rule 10b5-1 trading plan adopted on October 3, 2025.
• Following the transaction, James A. Beer directly owns 3,485 shares of Zscaler common stock.

Sentiment

Score: 5

Explanation: The filing reports a pre-planned sale of common stock by a director, which is a neutral event in itself, as it was executed under a Rule 10b5-1 trading plan and does not necessarily reflect a change in company outlook.

Negatives

• Director James A. Beer sold 653 shares of Zscaler common stock, which could be perceived as a slight negative, though it was a pre-planned transaction.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may note a director's sale of shares, though the impact is mitigated by the pre-arranged 10b5-1 plan, suggesting personal financial planning rather than a change in company fundamentals.

Key Dates

Recommendation

The filing details a routine, pre-planned sale of a relatively small number of shares by a director under a Rule 10b5-1 plan. This type of transaction is generally not considered a strong signal for a 'buy' or 'sell' recommendation, as it often relates to personal financial planning rather than a change in outlook for the company. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Zscaler, ZS, Form 4, Insider Sale, Director, Stock Transaction, 10b5-1 Plan, James A. Beer