Geller Adam 4

What Happened
Adam Geller, Chief Product Officer of Zscaler (ZS), sold a total of 3,579 shares in two dispositions. On 2026-03-17 he sold 1,485 shares at $156.59 for $232,541; on 2026-03-18 he sold 2,094 shares at $153.53 for $321,492. Total proceeds were about $554,033. Both transactions are reported as sales (S).

Key Details

• Transaction 1: 2026-03-17 — 1,485 shares @ $156.59 = $232,541 (sale)
• Transaction 2: 2026-03-18 — 2,094 shares @ $153.53 = $321,492 (sale)
• Shares owned after the transactions: not specified in the provided filing
• Footnotes:
  • F1: The shares sold were used to cover tax withholding obligations related to RSU vesting (not a discretionary sale).
  • F2: One sale was effected pursuant to a Rule 10b5-1 trading plan adopted on March 12, 2025.
• Filing timeliness: Form 4 filed on 2026-03-19; filing appears timely for the reported dates.

Context
These sales appear routine: one sale covered tax withholding for vested restricted stock units and the other was executed under a pre-established 10b5-1 plan. Such transactions are common and do not necessarily indicate a change in insider sentiment; retail investors often give more weight to discretionary purchases than to sales for tax/plan reasons.