BEER JAMES A 4

What Happened
James A. Beer, a director of Zscaler, sold 177 shares in an open-market transaction on 2026-03-18 at $153.53 per share, generating proceeds of $27,175. The Form 4 reports this as a disposition (code S).

Key Details

• Transaction date: 2026-03-18; Form 4 filed: 2026-03-19 (timely filing).
• Shares sold: 177 at $153.53 each; total proceeds ≈ $27,175.
• Transaction type: Open-market sale (S).
• Footnote: Sale executed pursuant to a Rule 10b5-1 trading plan adopted October 3, 2025.
• Shares owned after transaction: not specified in the supplied summary — see the Form 4 for post-transaction beneficial ownership details (Accession: 0001713683-26-000076).

Context
A 10b5-1 plan is a prearranged trading program that lets insiders sell shares on a set schedule or under preset rules; such sales are often routine and do not necessarily signal a change in the insider’s view of the company. This transaction is a relatively small-dollar sale by a director and should be weighed alongside other insider activity and company fundamentals.