Rich Michael J. 4

What Happened Michael J. Rich, Chief Revenue Officer and President of Worldwide Sales at Zscaler (ZS), sold 4,184 shares on June 16, 2026 at $126.43 per share, reported value $528,981. The sale was made as a tax-withholding disposition tied to RSU vesting rather than a discretionary cash-raising trade.

Key Details

• Transaction date and price: 2026-06-16, 4,184 shares sold at $126.43 each (total ~$528,981).
• Transaction type: Sale (Form 4 code S); reported on 2026-06-17 (Period of Report: 2026-06-16). Filing appears timely.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 — shares sold to cover tax withholding obligations for vested RSUs (not a discretionary sale). F2 — filing includes 135 shares acquired under the FY2018 ESPP on June 15, 2026.

Context This was a routine "sell to cover" tied to equity vesting (tax withholding), a common administrative transaction that does not necessarily signal a change in insider sentiment. Purchases tend to be more informative about insider conviction; this filing documents a withholding sale, not an independent market-timed sell by the executive.