Zscaler (NASDAQ: ZS) director sale under Rule 10b5-1 trading plan

Rhea-AI Filing Summary

Zscaler, Inc. director James A. Beer reported an open-market sale of 177 shares of common stock on March 18, 2026 at an average price of $153.53 per share. After this transaction, he directly owns 4,384 shares.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 3, 2025, indicating the trade was scheduled in advance rather than timed discretionarily.

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

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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)
03/18/2026

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	03/18/2026		S(1)		177	D	$153.53	4,384	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	03/19/2026
	** 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)

FAQ

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

James A. Beer reported selling 177 Zscaler common shares in an open-market transaction. The sale occurred on March 18, 2026 at an average price of $153.53 per share and left him with 4,384 shares directly owned afterward.

At what price did Zscaler (ZS) director James A. Beer sell his shares?

He sold 177 Zscaler common shares at an average price of $153.53 per share. This open-market sale was disclosed on Form 4 and left his direct holdings at 4,384 shares following the transaction reported in the filing.

How many Zscaler (ZS) shares does James A. Beer hold after the reported sale?

Following the sale, James A. Beer directly owns 4,384 Zscaler common shares. This figure comes from the Form 4, which shows his remaining direct ownership after selling 177 shares in the March 18, 2026 open-market transaction.

Was the Zscaler (ZS) director’s sale under a Rule 10b5-1 trading plan?

Yes. The footnote states the sale was effected under a Rule 10b5-1 trading plan. That plan was adopted on October 3, 2025, indicating the March 18, 2026 transaction was pre-scheduled rather than an opportunistic discretionary trade.

What type of security did Zscaler (ZS) director James A. Beer sell?

He sold shares of Zscaler common stock in a non-derivative, open-market transaction. The Form 4 identifies the security as common stock and classifies the activity as a straightforward sale rather than an option exercise or other derivative-related event.