[144] Zscaler, Inc. SEC Filing
Zscaler, Inc. (ZS) filed a Form 144 notice reporting a proposed sale of 7,006 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $2,133,537.18. The filing lists an approximate sale date of 10/02/2025 and indicates 158,300,823 shares outstanding for the issuer. The securities to be sold consist of 6,138 restricted stock units acquired on 09/15/2022 and 868 performance stock units acquired on 09/15/2025. The notice also shows a prior sale by Robert Schlossman of 3,832 shares on 09/16/2025 for $1,075,629.37. The filer attests there is no undisclosed material adverse information.
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Insights
Form 144 documents an insider sale plan and required broker routing.
The filing identifies a proposed sale of 7,006 shares via Morgan Stanley Smith Barney LLC and specifies the acquisition dates and types: RSUs on 09/15/2022 and PSUs on 09/15/2025. This satisfies Rule 144 disclosure elements by detailing volume, acquisition source, and intended sale date.
The signer represents no undisclosed material adverse information; that attestation is standard and legally significant because it underpins reliance on Rule 144 safe-harbor conditions.
Document shows insider vesting/sale activity from recent equity awards.
The table shows 6,138 RSUs and 868 PSUs as the securities being sold, with acquisition dates matching grant/vesting events on 09/15/2022 and 09/15/2025. A prior sale of 3,832 shares on 09/16/2025 for $1,075,629.37 is recorded, indicating recent liquidity events by the same individual.
This filing documents the mechanics of share disposition but does not disclose proceeds allocation or plan terms.