RUBIN KEVIN 4

What Happened

Kevin Rubin, Chief Financial Officer of Zscaler, sold 1,682 shares of ZS stock in a sale that executed on 2026-03-17 at $156.59 per share, generating proceeds of approximately $263,390. This was a sale (not a purchase) and per the filing footnote was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units, not as a discretionary trade.

Key Details

• Transaction date and price: 2026-03-17 — 1,682 shares sold at $156.59 each.
• Proceeds: roughly $263,390.
• Shares owned after transaction: not disclosed in the provided filing excerpt (see full Form 4 for current holdings).
• Filing date: Form 4 filed 2026-03-18 (timely filing for a 2026-03-17 transaction).
• Footnote: The sale was to cover tax withholding on vested RSUs per the issuer’s election under its equity incentive plans and "does not represent a discretionary trade by the Reporting Person." (Footnote F1)
• Transaction code: S (Sale). Method noted as open market or private sale on the Form 4.

Context

Sales to cover tax withholding after RSU vesting are common and typically administrative rather than a signal of insider sentiment. The transaction should be viewed as fulfilling tax obligations tied to compensation, not necessarily as an endorsement or criticism of the company's prospects.