Form 4: Zscaler Executive Michael J. Rich Sells Shares to Cover Tax Obligations

Michael J. Rich, CRO and President of WW Sales at Zscaler, Inc., sold 3,575 shares of common stock on March 18, 2025, to cover tax withholding obligations related to vesting restricted stock units.

Summary

• On March 18, 2025, Michael J. Rich, the CRO and President of WW Sales at Zscaler, Inc., sold 3,575 shares of Zscaler common stock.
• The sale was executed at a weighted average price of $199.1468 per share.
• The shares were sold in multiple transactions with prices ranging from $199.1465 to $199.1475.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock units, as mandated by Zscaler's equity incentive plans.
• Following the transaction, Michael J. Rich beneficially owns 112,391 shares of Zscaler common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among executives at publicly traded companies. This transaction reflects standard compensation practices and tax management strategies.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Zscaler, Michael J. Rich, Stock Sale, Form 4, Executive Compensation, Restricted Stock Units, Tax Withholding, ZS