Small Zscaler (NASDAQ: ZS) director stock sale under 10b5-1 plan

Rhea-AI Filing Summary

Zscaler, Inc. director James A. Beer sold 177 shares of Common Stock in an open-market transaction at $125.50 per share. After this sale, he directly holds 4,207 shares. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on October 3, 2025, indicating the sale was scheduled in advance.

Insider Trade Summary 10b5-1

Net Seller: 177 shares ($22,214)

Net Sell 1 txn

Insider BEER JAMES A

Role null

Sold 177 shs ($22K)

Type	Security	Shares	Price	Value
Sale	Commom Stock	177	$125.50	$22K

Holdings After Transaction: Commom Stock — 4,207 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 177 shares Sale price: $125.50 per share Shares held after sale: 4,207 shares +1 more

4 metrics

Shares sold 177 shares Open-market sale of Common Stock

Sale price $125.50 per share Price for the 177 shares sold

Shares held after sale 4,207 shares Direct ownership following the transaction

Rule 10b5-1 plan adoption date October 3, 2025 Plan governing the reported sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Commom Stock

3 terms

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 October 3, 2025."

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 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.

Commom Stock financial

"security_title: Commom Stock"

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Form 4 Insider Transactions: What Each Field Means →

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)
06/17/2026

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	06/17/2026		S(1)		177	D	$125.5	4,207	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	06/17/2026
	** 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)

FAQ

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

James A. Beer reported an open-market sale of 177 shares of Zscaler Common Stock at $125.50 per share. The transaction was disclosed in a Form 4 insider filing and reflects a small reduction in his direct holdings.

At what price did Zscaler (ZS) shares sell in James A. Beer’s Form 4?

The reported Zscaler share sale by James A. Beer was executed at $125.50 per share. This price applies to 177 shares of Common Stock sold in an open-market transaction, as detailed in the Form 4 insider report.

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

After selling 177 shares, James A. Beer directly holds 4,207 Zscaler Common Stock shares. This post-transaction balance is stated in the Form 4 and shows his remaining direct ownership position following the reported sale.

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

Yes, the sale was carried out under a Rule 10b5-1 trading plan adopted on October 3, 2025. Such plans pre-schedule trades, which can reduce the significance of the transaction’s timing as an indicator of the insider’s market view.

Does the Zscaler (ZS) Form 4 show any option exercises or derivative trades?

No derivative transactions or option exercises are listed in this Form 4. The filing only reports a single non-derivative open-market sale of 177 shares of Common Stock, along with the resulting direct share balance for the director.