4/A: Zscaler's Chief Legal Officer Reports Amended Securities Transactions
SEC Filing
Robert Schlossman, Chief Legal Officer of Zscaler, Inc., files an amended Form 4 detailing stock sales, including those under a pre-arranged 10b5-1 trading plan.
Summary
- Robert Schlossman, the Chief Legal Officer of Zscaler, Inc., filed an amended Form 4 with the SEC.
- The form reports changes in beneficial ownership of Zscaler's common stock.
- On June 20, 2024, Schlossman sold 3,911 shares at $178.6282 per share and 372 shares at $179.1973 per share.
- The amended filing includes 213 shares sold on September 23, 2024, under a 10b5-1 trading plan adopted on June 20, 2023, which should have been included in the original order on June 20, 2024.
- Following these transactions, Schlossman directly owns 118,408 shares of Zscaler's common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/20/2023 | Date of adoption of the 10b5-1 trading plan. |
| 06/20/2024 | Date of earliest transaction and original Form 4 filing. |
| 09/23/2024 | Date of sale of 213 shares under the 10b5-1 trading plan, which was missing from the original filing. |
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