Form 4: Zscaler Executive Sells Shares
Insider Transaction (Form 4)
Adam Geller, Chief Product Officer of Zscaler, Inc., sold 25,000 shares of common stock on October 9, 2026.
Summary
- Option exercise/conversion: acquired 23,958 Common Stock at $205.61 ($4,926,004) on October 9, 2026; holds 62,266 after (Direct).
- Open-market sale: disposed of 21,875 Common Stock at $225.00 ($4,921,875) on October 9, 2026; holds 40,391 after (Direct).
- Open-market sale: disposed of 2,083 Common Stock at $230.00 ($479,091) on October 9, 2026; holds 38,308 after (Direct).
- Option exercise/conversion: acquired 1,042 Common Stock at $205.61 ($214,246) on October 12, 2026; holds 39,350 after (Direct).
- Open-market sale: disposed of 1,042 Common Stock at $235.95 ($245,860) on October 12, 2026; holds 38,308 after (Direct).
- Option exercise/conversion: disposed of 23,958 Stock Option (right to buy) at $205.61 ($4,926,004) on October 9, 2026; holds 26,042 after (Direct).
- Option exercise/conversion: disposed of 1,042 Stock Option (right to buy) at $205.61 ($214,246) on October 12, 2026; holds 25,000 after (Direct).
Sentiment
Score: 4
Explanation: StockSavvy.ai views this as a mildly negative but low-conviction signal: an insider sold $5,646,826 of stock under a pre-arranged Rule 10b5-1 plan, which is typically routine.
Insider Transactions
Adam Geller — Officer (Chief Product Officer)
Transaction made under a Rule 10b5-1 trading plan.
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-10-09 | Option exercise/conversion | Common Stock | 23,958 | $206 | $4.9M | 62,266 |
| 2026-10-09 | Open-market sale | Common Stock | 21,875 | $225 | $4.9M | 40,391 |
| 2026-10-09 | Open-market sale | Common Stock | 2,083 | $230 | $479.1K | 38,308 |
| 2026-10-12 | Option exercise/conversion | Common Stock | 1,042 | $206 | $214.2K | 39,350 |
| 2026-10-12 | Open-market sale | Common Stock | 1,042 | $236 | $245.9K | 38,308 |
| 2026-10-09 | Option exercise/conversion | Stock Option (right to buy) | 23,958 | $206 | $4.9M | 26,042 |
| 2026-10-12 | Option exercise/conversion | Stock Option (right to buy) | 1,042 | $206 | $214.2K | 25,000 |
Key Dates
| Date | Description |
|---|---|
| 2026-10-09 | Option exercise/conversion (23,958 shares) |
| 2026-10-09 | Open-market sale (21,875 shares) |
| 2026-10-09 | Open-market sale (2,083 shares) |
| 2026-10-12 | Option exercise/conversion (1,042 shares) |
| 2026-10-12 | Open-market sale (1,042 shares) |
| 2026-10-09 | Option exercise/conversion (23,958 shares) |
| 2026-10-12 | Option exercise/conversion (1,042 shares) |
Keywords
insider transaction, Form 4, ZS, Zscaler, Inc., bearish, Adam Geller
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