Form 4: Zscaler's Chief Legal Officer Sells Shares Under 10b5-1 Trading Plan

Robert Schlossman, Chief Legal Officer of Zscaler, Inc., sold shares of common stock on October 9, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Robert Schlossman, the Chief Legal Officer of Zscaler, Inc., reported the sale of company stock on October 9, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 29, 2024.
• A total of 1,435 shares of common stock were sold in two separate transactions at prices of $180 and $185.
• Following the transactions, Schlossman directly owns 105,806 shares and his spouse owns 66 shares.
• The report was filed on October 10, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock sales by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transactions.

Key Dates