[144] Zscaler, Inc. SEC Filing

Rhea-AI Filing Summary

Zscaler, Inc. Form 144 shows a proposed sale of 2,865 shares of common stock, acquired as vested restricted stock units on 09/15/2025, with an aggregate market value of $804,198.89. The sale is expected on or about 09/16/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The filing lists 158,300,823 shares outstanding for the issuer. The filer represents that the securities were acquired as compensation and that they are not aware of any undisclosed material adverse information. The filing also discloses a prior sale by Jay Chaudhry of 2,849 shares on 06/17/2025 with gross proceeds of $865,247.36.

Insights

Financial Analyst

TL;DR Insiders plan a small, compliant sale of vested RSUs; transaction size is immaterial to outstanding shares.

The 2,865-share sale represents a very small fraction of the issuer's 158.3 million outstanding shares, consistent with typical sales of vested equity compensation. The use of a broker and a Rule 144 notice indicates an intention to comply with resale restrictions. No earnings or operational metrics are provided, so market impact is likely negligible based solely on this filing.

Corporate Governance Expert

TL;DR Transaction appears routine and compliant; disclosure meets Rule 144 requirements and notes prior recent insider sale.

The filing documents acquisition via vesting of restricted stock units and sale through a registered broker, which aligns with standard governance and insider trading controls. The signature representation about material information is included. The filing also records a prior insider sale of 2,849 shares on 06/17/2025, which stakeholders may note but which does not on its own indicate governance concerns.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

Relationship to Issuer

Relationship to Issuer

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 Stock	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	2865	804198.89	158300823	09/16/2025	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 Stock	09/15/2025	Vesting of Restricted Stock Units	Issuer			2865	09/15/2025	Compensation

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Jay Chaudhry 120 Holger Way San Jose CA 95134	Common Stock	06/17/2025	2849	865247.36

144: Remarks and Signature

Remarks

Date of Notice

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does ZS Form 144 disclose about the planned sale?

The filing discloses a proposed sale of 2,865 shares of Zscaler common stock expected on 09/16/2025 through Morgan Stanley Smith Barney LLC with an aggregate market value of $804,198.89.

How were the securities acquired according to the Form 144?

The securities were acquired on 09/15/2025 by vesting of restricted stock units and the payment type is listed as compensation.

How many shares outstanding does Zscaler show on the filing?

The filing lists 158,300,823 shares outstanding.

Is there any recent prior insider sale disclosed in the filing?

Yes. The filing reports a prior sale by Jay Chaudhry of 2,849 shares on 06/17/2025 with gross proceeds of $865,247.36.

Which broker is handling the proposed sale?

The proposed sale is to be executed by Morgan Stanley Smith Barney LLC Executive Financial Services, 1 New York Plaza, New York, NY on the NASDAQ exchange.