Zscaler Officer Files Form 144 Notice to Sell $1.06M in Shares
Zscaler, Inc.
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Filing Summary
# Form 144 Notice: Zscaler, Inc. (NASDAQ: ZS)
**Insider:** Robert Schlossman (Officer)
**Proposed Sale:** 5,394 shares of Common Stock
**Aggregate Value:** ~$1,064,290.14 (~$197.31/share)
**Approximate Sale Date:** September 21, 2026
**Trading Plan:** Rule 10b5-1 adopted on July 3, 2025
**Broker:** Morgan Stanley Smith Barney LLC
Comprehensive Analysis
Overview
On September 21, 2026, Robert Schlossman, an Officer at Zscaler, Inc. ($ZS), filed a Form 144 notice disclosing an intent to sell 5,394 shares of common stock with an estimated market value of $1,064,290.14 (approximately $197.31 per share).
Transaction Details
- Securities Acquired: Acquired through the vesting of Restricted Stock Units (RSUs) between March 15, 2026, and June 15, 2026.
- Pre-Arranged Trading Plan: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan adopted on July 3, 2025.
- Recent Past Sales:
- September 16, 2026: Sold 2,325 shares for gross proceeds of $448,173.51.
- July 6, 2026: Sold 122 shares for gross proceeds of $18,300.00.
Market Impact & Significance
The trading significance is assessed as Low. The transaction represents a routine disposition of equity received via equity incentive compensation (RSU vesting) under a pre-established Rule 10b5-1 trading plan adopted over a year prior. It represents a negligible fraction of Zscaler's total outstanding shares (163,054,698 shares).
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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.