Zscaler Officer Files Form 144 for RSU Tax-Related Sale
Zscaler, Inc.
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Filing Summary
Form 144 Notice of Proposed Sale: Zscaler, Inc. ($ZS)
• Insider: Robert Schlossman (Officer)
• Shares to Sell: 2,325 Common shares
• Estimated Value: $448,173.58 ($192.76/share)
• Nature/Purpose: Shares sold to cover tax withholding obligations resulting from RSU vesting on 09/15/2026.
Comprehensive Analysis
Executive Summary
On September 16, 2026, Robert Schlossman, an Officer at Zscaler, Inc. ($ZS), filed a Form 144 notice covering the proposed sale of 2,325 shares of common stock with an aggregate market value of approximately $448,173.58.
Transaction Details
- Security: Common Stock
- Number of Shares: 2,325
- Aggregate Market Value: $448,173.58 (~$192.76 per share)
- Broker: Morgan Stanley Smith Barney LLC Executive Financial Services
- Acquisition Origin: Shares acquired on September 15, 2026, via the vesting of Restricted Stock Units (RSUs).
- Remarks: As noted in the filing, this disposition is intended to satisfy statutory tax withholding obligations mandated under the Issuer's equity incentive plans (sell-to-cover).
Historical Context (Past 3 Months)
- June 16, 2026: 3,146 shares sold for $397,747.52.
- July 6, 2026: 122 shares sold for $18,300.00.
Significance
The trading significance is assessed as Low because the proposed transaction is an automatic/mandatory sell-to-cover event associated with routine RSU vesting rather than a discretionary divestment.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.