Form 4: Zscaler's Chief Legal Officer, Robert Schlossman, Reports Stock Sales

Robert Schlossman, Chief Legal Officer of Zscaler, Inc., reported the sale of common stock on March 18th and 19th, 2025, according to a Form 4 filing with the SEC.

Summary

• Robert Schlossman, the Chief Legal Officer of Zscaler, Inc., filed a Form 4 with the SEC.
• The filing reports multiple sales of Zscaler's common stock on March 18 and 19, 2025.
• On March 18, 2025, 2,878 shares were sold at a weighted average price of $199.1473.
• On March 19, 2025, a total of 3,767 shares were sold in multiple transactions at varying prices.
• These sales were executed under a Rule 10b5-1 trading plan adopted on June 29, 2024.
• Following these transactions, Schlossman directly owns 103,820 shares of common stock and his spouse owns 66 shares.
• The initial sale of 2,878 shares was to cover tax withholding obligations related to vesting restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an officer, which is neutral in sentiment. The sales were conducted under a pre-arranged plan, further reducing any potential negative interpretation.

Industry Context

Insider sales are a common occurrence, and the use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Key Dates

Keywords

Form 4, Zscaler, Stock Sale, Robert Schlossman, Insider Trading, Rule 10b5-1, Equity Incentive Plans