Zscaler CFO Kevin Rubin Executes Mandated Sell-to-Cover Transaction Following RSU Vesting
Zscaler, Inc.
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Filing Summary
# Insider Transaction Report: Zscaler, Inc. (ZS)
**Reporting Owner:** Kevin Rubin (Chief Financial Officer)
**Filing Date:** September 17, 2026 | **Transaction Date:** September 16, 2026
### Transaction Summary
* **Transaction Type:** Sale (Sell-to-Cover for Tax Obligations)
* **Shares Sold:** 5,957 @ $192.7628 per share
* **Gross Value:** ~$1,148,288.00
* **Shares Retained:** 43,287 directly held
* **Trading Significance:** Low (Mandatory non-discretionary tax withholding)
Comprehensive Analysis
Overview & Context
On September 17, 2026, Zscaler, Inc. (NASDAQ: ZS) Chief Financial Officer Kevin Rubin filed a Form 4 detailing equity vesting and a subsequent stock disposition.
Key Transactions
-
Performance RSU Vesting (September 15, 2026):
- Shares Acquired: 8,349 shares of Common Stock at $0 per share (Code A).
- Details: Issued pursuant to the achievement of FY25 performance metrics under performance-based restricted stock units granted on June 3, 2025.
-
Mandatory Disposition (September 16, 2026):
- Shares Sold: 5,957 shares of Common Stock at a weighted average price of $192.7628.
- Total Consideration: $1,148,288.00.
- Shares Owned Post-Transaction: 43,287 shares held directly.
Filing Interpretation
As disclosed in footnote 2, the sale of 5,957 shares was conducted exclusively to cover statutory tax withholding liabilities triggered by the vesting of restricted stock units. This was executed pursuant to the issuer's mandatory equity plan election and does not reflect a discretionary open-market sale or change in sentiment by the CFO. Consequently, the transaction carries low informational significance for investors.
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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.
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