Zscaler CRO Michael J. Rich Sells Shares for Tax Obligations
Zscaler, Inc.
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Filing Summary
### Form 4 Filing: Zscaler, Inc. (ZS)
**Insider:** Rich Michael J. (CRO and President of WW Sales)
**Transaction Date:** September 16, 2026
**Type:** Sale (Sell-to-cover)
**Shares Transacted:** 4,108 shares @ $192.76
**Total Value:** $791,869.58
**Shares Held After:** 96,193 shares
**Significance:** Low (Mandatory tax withholding sale)
Comprehensive Analysis
Transaction Summary
On September 16, 2026, Michael J. Rich, Chief Revenue Officer and President of Worldwide Sales at Zscaler, Inc. ($ZS), disposed of 4,108 shares of Common Stock at an average price of $192.7628 per share, generating an aggregate transaction value of approximately $791,869.58. Following the transaction, Rich directly owns 96,193 shares of the company.
Nature of the Trade
According to footnote F1 of the filing, the sale was executed solely to satisfy tax withholding obligations triggered by the vesting of restricted stock units (RSUs). This transaction was mandated by the company's equity incentive plan rules and was non-discretionary, meaning it does not reflect an active investment decision or negative sentiment by the insider.
Market & Governance Context
Because this disposition represents an automatic 'sell-to-cover' event for tax purposes rather than an open-market discretionary divestment, the trading significance is evaluated as Low. The executive retains substantial direct exposure to Zscaler with over 96,000 shares remaining in his direct ownership.
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Important Disclaimer
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