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Zscaler, Inc.·4

Mar 18, 8:09 PM ET

Rich Michael J. 4

Research Summary

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Zscaler (ZS) CRO Michael J. Rich Sells 3,147 Shares

What Happened
Michael J. Rich, Chief Revenue Officer and President of Worldwide Sales at Zscaler (ZS), reported a sale of 3,147 shares on 2026-03-17. The shares were sold at $156.59 per share for gross proceeds of $492,799. According to the filing footnote, the sale was to cover tax withholding obligations tied to the vesting of restricted stock units (RSUs) and was not a discretionary trade.

Key Details

  • Transaction date: 2026-03-17; Form 4 filed: 2026-03-18 (timely filing).
  • Shares sold: 3,147 at $156.59 per share.
  • Gross proceeds: $492,799.
  • Reported as an open market or private sale (code S).
  • Footnote: sale executed to satisfy tax withholding on RSU vesting (not a voluntary sell decision).
  • Shares owned after transaction: not disclosed in the provided summary of the filing.

Context
Sales to cover tax withholding after RSU vesting are common and typically routine administrative transactions rather than expressions of sentiment about the company. This filing does not indicate option exercise or a discretionary stock sale by the insider.