Was the Zscaler (ZS) insider share sale a discretionary trade?

The sale was not a discretionary trade by Robert Schlossman. Footnotes state the 2,263 shares were sold solely to cover tax withholding obligations arising from vesting restricted stock units under Zscaler’s equity incentive programs.

Zscaler (ZS) legal chief sells 2,263 shares to cover RSU tax

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Zscaler, Inc. Chief Legal Officer Robert Schlossman reported an open‑market sale of 2,263 shares of Common Stock at $156.5932 per share. According to the footnotes, these shares were sold to cover tax withholding obligations tied to vesting restricted stock units under the company’s equity incentive plans and did not represent a discretionary trade.

After this transaction, he directly held 72,390 shares of Zscaler stock. A separate line item shows 66 shares held indirectly by his spouse, reflecting an additional, small related holding.

Insider Trade Summary

Net Seller: 2,263 shares ($354,370)

Net Sell 2 txns

Insider Schlossman Robert

Role Chief Legal Officer

Sold 2,263 shs ($354K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,263	$156.5932	$354K
holding	Commom Stock	--	--	--

Holdings After Transaction: Common Stock — 72,390 shares (Direct); Commom Stock — 66 shares (Indirect, See Footnote)

Footnotes (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. The shares are held directly by the reporting person's spouse.

Form 4 Insider Transactions: What Each Field Means →

03/18/2026 - 08:11 PM

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^*

Schlossman Robert

(Last)

(First)

(Middle)

C/O ZSCALER, INC.

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/17/2026		S⁽¹⁾		2,263	D	$156.5932	72,390	D
Commom Stock								66	I	See Footnote⁽²⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

2. The shares are held directly by the reporting person's spouse.

Remarks:

	/s/ Torrie Nute, by power of attorney	03/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Zscaler (ZS) report for Robert Schlossman?

Zscaler reported that Chief Legal Officer Robert Schlossman sold 2,263 shares of Common Stock. The shares were disposed of at $156.5932 each to satisfy tax withholding obligations tied to restricted stock unit vesting under the company’s equity incentive plans.

How many Zscaler (ZS) shares does Robert Schlossman hold after the Form 4?

Following the reported sale, Robert Schlossman directly holds 72,390 Zscaler shares. The filing also notes an additional 66 shares held indirectly by his spouse, indicating a small related indirect position alongside his primary direct ownership.

What was the sale price for the Zscaler (ZS) insider tax-withholding shares?

The 2,263 Zscaler shares were sold at $156.5932 per share. This price applied to shares disposed of to meet tax withholding requirements connected to the vesting of restricted stock units under company equity incentive plans.

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

The Form 4 does not report any option or other derivative exercises. It shows only a sale of 2,263 common shares for tax withholding and a separate holding entry indicating 66 shares held indirectly by Robert Schlossman’s spouse.