Zscaler executive reports sale of 3,438 shares to cover taxes

Zscaler, Inc. insider files share sale tied to tax withholding A Zscaler, Inc. executive and director reported selling 3,438 shares of common stock on 12/16/2025 at a price of $230.8193 per share.

Rhea-AI Filing Summary

Zscaler, Inc. insider files share sale tied to tax withholding

A Zscaler, Inc. executive and director reported selling 3,438 shares of common stock on 12/16/2025 at a price of $230.8193 per share. After this transaction, the reporting person directly owned 70,394 shares of Zscaler common stock.

According to the footnote, the shares were sold to cover tax withholding obligations arising from the vesting of restricted stock units under the company’s equity incentive plans, and the filing states that this was not a discretionary trade by the insider.

Insider Trade Summary

Net Seller: 3,438 shares

Net Sell 1 txn

Insider Judge Raj

Role EVP, Corp. Strategy & Ventures

Sold 3,438 shs ($794K)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,438	$230.8193	$794K

Holdings After Transaction: Common Stock — 70,394 shares (Direct)

Footnotes (1)

1. F1. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units as mandated by the Issuer's election under its equity incentive plans and does not represent a discretionary trade by the Reporting Person.

FAQ

What insider transaction did ZS report in this Form 4 filing?

The filing reports that a Zscaler, Inc. insider sold 3,438 shares of common stock on 12/16/2025 at a price of $230.8193 per share.

Who is the insider involved in this ZS transaction and what is their role?

The reporting person is both a Director and an Officer of Zscaler, Inc., serving as EVP, Corp. Strategy & Ventures.

How many Zscaler (ZS) shares does the insider own after this transaction?

Following the reported transaction, the insider directly owned 70,394 shares of Zscaler common stock.

Why were the ZS shares sold in this insider transaction?

The filing explains that the 3,438 shares were sold to cover tax withholding obligations related to the vesting of restricted stock units under Zscaler’s equity incentive plans.

Was this Zscaler (ZS) insider trade discretionary?

No. The footnote states that the sale to cover tax withholding obligations does not represent a discretionary trade by the reporting person.

Is this ZS insider transaction reported as an individual or joint filing?

The document indicates that the Form is filed by one reporting person, not by a group.

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

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Accepted by SEC EDGAR 12/17/2025 - 06:38 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).

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^*

Judge Raj

(Last) (First) (Middle)

120 HOLGER WAY

(Street)

SAN JOSE CA 95134

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	EVP, Corp. Strategy & Ventures

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

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

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

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

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
Common Stock	12/16/2025		S(1)		3,438	D	$230.8193	70,394	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. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units as mandated by the Issuer's election under its equity incentive plans and does not represent a discretionary trade by the Reporting Person.

Remarks:

	/s/ Torrie Nute, by power of attorney	12/17/2025
	** 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.