Zscaler director plans sale of 177 shares

Zscaler director James A. Beer has filed a Rule 144 notice to sell 177 shares of common stock, a very small sale relative to total shares outstanding.

Rhea-AI Filing Summary

Zscaler, Inc. (ZS) has a notice of proposed sale of securities filed under Rule 144 for the account of director James A. Beer. The notice covers a planned sale of 177 shares of common stock through Morgan Stanley Smith Barney LLC on or about September 17, 2026 on NASDAQ, with an aggregate market value of $33,985.77. Zscaler common shares outstanding were 163,054,698 at the time referenced, a baseline figure, not the amount being sold. The shares to be sold were acquired as restricted stock from the issuer on September 15, 2026.

Key Figures

Shares to be sold: 177 shares Aggregate market value: $33,985.77 Shares outstanding: 163,054,698 shares +2 more

5 metrics

Shares to be sold 177 shares Common stock covered by the Rule 144 notice for James A. Beer

Aggregate market value $33,985.77 Aggregate market value of the 177 common shares referenced in the notice

Shares outstanding 163,054,698 shares Zscaler common shares outstanding as referenced in the securities information section

Planned sale date September 17, 2026 Proposed date for sale of the common shares on NASDAQ

Acquisition date September 15, 2026 Date the common shares were acquired as restricted stock from the issuer

Key Terms

Rule 144, Restricted Stock, aggregate market value, person

4 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Restricted Stock financial

"Common | 09/15/2026 | Restricted Stock | ISSUER"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

aggregate market value financial

"Common | ... | 177 | 33985.77 | 163054698"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

person regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing for ZS disclose about planned share sales?

The filing discloses that 177 shares of Zscaler common stock may be sold for the account of director James A. Beer under Rule 144, with an aggregate market value of $33,985.77, through Morgan Stanley Smith Barney LLC on or about September 17, 2026.

Who is the insider in the ZS Form 144 and what is their role?

The Form 144 is for the account of James A. Beer, identified as a director of Zscaler, Inc. The notice relates to a proposed sale of a limited number of his Zscaler common shares under Rule 144.

How many Zscaler (ZS) shares are covered by this Rule 144 notice?

The notice covers a proposed sale of 177 shares of Zscaler common stock. This is the total number of shares indicated in the securities information and securities-to-be-sold sections of the Form 144.

What is the reported market value of the ZS shares in this Form 144?

The Form 144 lists an aggregate market value of $33,985.77 for the 177 Zscaler common shares covered by the notice, based on the information provided in the securities information section.

When were the ZS shares acquired and how were they characterized?

The securities-to-be-sold section states the common shares were acquired on September 15, 2026 as Restricted Stock from the issuer, Zscaler, Inc.

How many Zscaler (ZS) shares were outstanding according to the Form 144?

The securities information section reports that Zscaler had 163,054,698 shares of common stock outstanding. This figure is a context baseline and is separate from the 177 shares covered by the sale notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 04:20 PM Accepted by SEC EDGAR 09/17/2026 - 04:19 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001272505
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ZSCALER, INC.
SEC File Number	001-38413
Address of Issuer	120 Holger Way San Jose CALIFORNIA 95134
Phone	(408) 533-0288
Name of Person for Whose Account the Securities are To Be Sold	JAMES A BEER
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	177	33985.77	163054698	09/17/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/15/2026	Restricted Stock	ISSUER			177	09/15/2026	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	09/17/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	10/03/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ James Alexander Beer
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)