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

Robert Schlossman, Chief Legal Officer of Zscaler, Inc., sold 3,590 shares of common stock on May 16, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On May 16, 2025, Robert Schlossman, the Chief Legal Officer of Zscaler, Inc., sold 3,590 shares of the company's common stock.
• The sale was executed at a price of $250 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on June 29, 2024.
• Following the transaction, Schlossman directly owns 100,230 shares.
• Additionally, Schlossman's spouse indirectly holds 66 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan. It doesn't necessarily indicate a positive or negative outlook on the company's future.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned through Rule 10b5-1 trading plans to avoid accusations of insider trading. The market typically analyzes these sales in the context of overall company performance and insider sentiment.

Stakeholder Impact

• The sale of shares by a high-ranking officer could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Zscaler, Robert Schlossman, Chief Legal Officer, Form 4, Stock Sale, 10b5-1 Trading Plan, Beneficial Ownership, Securities