Zscaler director sells 177 shares under plan

A Zscaler, Inc. director sold 177 shares at $192.01 under a pre-arranged Rule 10b5-1 trading plan, leaving 4,030 shares held directly.

Rhea-AI Filing Summary

Zscaler, Inc. director James A. Beer reported selling 177 shares of Zscaler common stock on September 17, 2026 at a price of $192.01 per share in a sale described as occurring in the open market or a private transaction. After this sale, he directly held 4,030 shares of Zscaler common stock. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on October 3, 2025, indicating it was pre-arranged rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 177 shares

Net Sell 1 txn

Insider BEER JAMES A

Role Director

Sold 177 shs ($34K)

Type	Security	Shares	Price	Value
Sale	Commom Stock F1	177	$192.01	$34K

Holdings After Transaction: Commom Stock — 4,030 shares (Direct)

Footnotes (1)

1. F1. The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on October 3, 2025.

Key Figures

Shares sold: 177 shares Sale price per share: $192.01 per share Shares held after transaction: 4,030 shares +1 more

4 metrics

Shares sold 177 shares Sale of Zscaler common stock by director James A. Beer on September 17, 2026

Sale price per share $192.01 per share Price for the 177 shares of Zscaler common stock sold on September 17, 2026

Shares held after transaction 4,030 shares Direct holdings of Zscaler common stock by James A. Beer following the sale

Rule 10b5-1 plan adoption date October 3, 2025 Date the trading plan governing the reported sale was adopted

Key Terms

Rule 10b5-1 trading plan, open market, private transaction

3 terms

Rule 10b5-1 trading plan regulatory

"The sale was effected pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open market market

"Sale in open market or private transaction"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

private transaction market

"Sale in open market or private transaction"

A private transaction is the sale or transfer of securities, assets, or ownership stakes carried out directly between a small number of parties rather than on a public exchange. For investors it matters because these deals are less visible and often less liquid than public trades, so pricing can be harder to verify, the investment can be harder to sell quickly, and buyers or sellers may gain strategic advantages not available in open markets — like negotiated terms similar to a private garage sale versus a crowded marketplace.

FAQ

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

What insider transaction did ZS director James A. Beer report?

He reported a sale of 177 shares of Zscaler common stock on September 17, 2026 at $192.01 per share in a transaction described as occurring in the open market or a private transaction.

How many ZS shares does James A. Beer hold after this transaction?

After the reported sale, James A. Beer directly holds 4,030 shares of Zscaler common stock, according to the filing.

Was the ZS insider sale by James A. Beer under a Rule 10b5-1 plan?

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on October 3, 2025, indicating the trade was pre-arranged under that plan.

What was the price per share in James A. Beer’s ZS stock sale?

The reported sale of Zscaler common stock by James A. Beer on September 17, 2026 was executed at a price of $192.01 per share.

What is James A. Beer’s role at Zscaler, Inc. (ZS)?

James A. Beer is identified in the filing as a director of Zscaler, Inc.

How many ZS shares did James A. Beer sell in this Form 4 filing?

He sold 177 shares of Zscaler common stock in this reported transaction.

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

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Available on EDGAR 09/17/2026 - 07:41 PM Accepted by SEC EDGAR 09/17/2026 - 07:41 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BEER JAMES A

(Last) (First) (Middle)

120 HOLGER WAY

(Street)

SAN JOSE CALIFORNIA 95134

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zscaler, Inc. [ ZS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Commom Stock	09/17/2026		S(1)		177	D	$192.01	4,030	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on October 3, 2025.

Remarks:

	/s/ Torrie Nute, by power of attorney	09/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)