STOCK TITAN
  1. Home
  2. Sec-filings
  3. ZS
  4. [Form 4] Zscaler, Inc. Insider Trading Activity

Zscaler (NASDAQ: ZS) CFO sells 3,000 shares under 10b5-1 plan

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Zscaler, Inc. Chief Financial Officer Kevin Rubin reported selling a total of 3,000 shares of Zscaler common stock on June 25, 2026 in open-market transactions. The sales occurred at weighted average prices with transaction-level averages between about $123.18 and $126.79 per share, across price ranges from $122.49 to $126.22, as detailed in the footnotes. According to the filing, the trades were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 24, 2026. After these transactions, Rubin directly holds 44,397 shares of Zscaler common stock.

Positive

  • None.

Negative

  • None.

Insights

CFO’s 3,000-share sale looks like a routine, pre-planned trade.

Chief Financial Officer Kevin Rubin sold 3,000 Zscaler common shares in five open-market transactions on June 25, 2026. The sales were executed at weighted average prices around $123–$127 per share, with detailed intraday price ranges disclosed in the footnotes.

The filing states the trades were made pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2026, indicating they were pre-scheduled rather than opportunistic. After the transactions, Rubin directly holds 44,397 shares, so the sale represents a modest portion of his reported stake.

Because there are no accompanying option exercises or derivative positions disclosed in this filing, the event appears to be a straightforward, planned share sale for liquidity or diversification. Subsequent company filings may provide additional context on any future transactions by Rubin or other insiders.

Insider RUBIN KEVIN
Role Chief Financial Officer
Sold 3,000 shs ($373K)
Type Security Shares Price Value
Sale Common Stock 504 $123.1793 $62K
Sale Common Stock 1,696 $124.0689 $210K
Sale Common Stock 560 $124.8651 $70K
Sale Common Stock 228 $125.9663 $29K
Sale Common Stock 12 $126.79 $2K
Holdings After Transaction: Common Stock — 44,397 shares (Direct, null)
Footnotes (1)
  1. The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.4900 to $123.4600 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.5100 to $124.4700 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.5300 to $125.5200 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.5700 to $126.2200 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
Shares sold 3,000 shares Aggregate open-market sales on June 25, 2026
Highest weighted average sale price $126.7900 per share One of five sale tranches on June 25, 2026
Lowest weighted average sale price $123.1793 per share One of five sale tranches on June 25, 2026
Post-transaction holdings 44,397 shares Directly owned by CFO after sales
Lowest intraday price range $122.4900–$123.4600 Price range for one sale group per footnote
Highest intraday price range $125.5700–$126.2200 Price range for one sale group per footnote
10b5-1 plan adoption date March 24, 2026 Plan governing the reported sales
Rule 10b5-1 trading plan regulatory
"The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2026."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
RUBIN KEVIN
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/25/2026S(1)504D$123.1793(2)44,397D
Common Stock06/25/2026S(1)1,696D$124.0689(3)42,701D
Common Stock06/25/2026S(1)560D$124.8651(4)42,141D
Common Stock06/25/2026S(1)228D$125.9663(5)41,913D
Common Stock06/25/2026S(1)12D$126.7941,901D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 March 24, 2026.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.4900 to $123.4600 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.5100 to $124.4700 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.5300 to $125.5200 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $125.5700 to $126.2200 , inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
Remarks:
/s/ Torrie Nute, by power of attorney06/26/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Zscaler (ZS) report for CFO Kevin Rubin?

Zscaler reported that CFO Kevin Rubin sold 3,000 shares of common stock. The shares were sold in multiple open-market transactions on June 25, 2026, at weighted average prices around the low- to mid-$120s per share, as detailed across several price ranges in the footnotes.

At what prices did the Zscaler (ZS) CFO sell his shares?

The CFO’s sales used weighted average prices between about $123.18 and $126.79 per share. Footnotes explain that individual trades occurred within price ranges from $122.4900 up to $126.2200, with the reporting person offering to provide full price-breakdown details upon request.

How many Zscaler (ZS) shares does CFO Kevin Rubin hold after this Form 4?

After the reported transactions, CFO Kevin Rubin directly holds 44,397 shares of Zscaler common stock. This post-transaction figure appears in the Form 4’s ownership column and reflects his remaining direct stake following the aggregate sale of 3,000 shares on June 25, 2026.

Was the Zscaler (ZS) CFO’s share sale made under a Rule 10b5-1 plan?

Yes. A footnote states the sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on March 24, 2026. Such pre-arranged plans are designed to schedule trades in advance, reducing concerns about discretionary trade timing by insiders.

How many Zscaler (ZS) insider transactions did this Form 4 report?

The Form 4 shows five separate open-market sale transactions, all coded “S” for sales. Together they total 3,000 shares sold on June 25, 2026, with each line item reporting its own weighted average price and updated share count following that specific transaction.