Zscaler Chief Product Officer Exercises Options and Sells Shares Under Rule 10b5-1 Plan
Zscaler, Inc.
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Filing Summary
Zscaler, Inc. ($ZS) - Form 4 Filing
Insider: Geller Adam (Chief Product Officer)
Action: Option Exercise & Sale (Rule 10b5-1)
Shares Sold: 1,041 @ $238.00 ($247,758 total value)
Shares Exercised: 1,041 @ $205.61
Shares Retained: 58,167
Significance: Low
Comprehensive Analysis
Executive Summary
On November 2, 2026, Adam Geller, Chief Product Officer of Zscaler, Inc. ($ZS), executed a standard option exercise and sale transaction. The insider exercised stock options for 1,041 shares of common stock at an exercise price of $205.61 and subsequently sold the shares at $238.00 per share under a pre-established Rule 10b5-1 trading plan. The total sale proceeds amounted to $247,758.
Transaction Breakdown
- Derivative Exercise (Code M): Exercised 1,041 options at $205.61 per share, leaving 23,959 derivative securities remaining.
- Non-Derivative Disposition (Code S): Sold 1,041 shares at $238.00 per share pursuant to a Rule 10b5-1 plan adopted on March 20, 2026.
- Net Post-Transaction Holding: Direct ownership stands at 58,167 shares of common stock.
Market & Significance Assessment
This transaction carries Low trading significance. It represents a routine cashless or exercise-and-sell transaction executed under a Rule 10b5-1 plan established months earlier. The volume of 1,041 shares is minor relative to both the officer's remaining holdings (58,167 direct shares) and Zscaler's daily trading volume.
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Important Disclaimer
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