Schlossman Robert 4

What Happened

• Robert Schlossman, Chief Legal Officer of Zscaler, sold 2,263 shares on 2026-03-17 at $156.59 per share, generating proceeds of $354,370. The filing indicates this sale was to cover tax withholding in connection with the vesting of restricted stock units and was not a discretionary trade.

Key Details

• Transaction date and price: 2026-03-17, sold 2,263 shares at $156.59 each.
• Total proceeds: $354,370.
• Purpose/footnote: Footnote F1 states the sale was to satisfy tax withholding obligations related to RSU vesting (a sell-to-cover), not a voluntary sale.
• Ownership note: Footnote F2 notes some shares are held directly by the reporting person’s spouse.
• Filing timeliness: Form 4 was filed 2026-03-18 (one day after the transaction), so the report appears timely.

Context

• This was a routine sell-to-cover tied to equity compensation vesting rather than an open-market investment decision by the insider. Such transactions commonly reflect tax withholding and do not necessarily signal the insider’s view on the company’s outlook.