Schlossman Robert 4

What Happened

• Robert Schlossman, Chief Legal Officer of Zscaler, sold 3,146 shares on June 16, 2026, at $126.43 per share, generating proceeds of $397,748. The sale was reported on a Form 4 filed June 17, 2026.
• Footnote indicates this disposition was to cover tax withholding related to vested restricted stock units (RSUs) and was not a discretionary open-market trade.

Key Details

• Transaction date: 2026-06-16; filing date: 2026-06-17 (appears timely).
• Type: Sale (code S) — 3,146 shares at $126.43; total proceeds ≈ $397,748.
• Footnotes:
  • F1: Sale was to satisfy tax withholding on RSU vesting (not a discretionary sale).
  • F2: Reported holdings include 122 shares acquired under the issuer’s FY2018 ESPP on June 15, 2026.
  • F3: Some shares are held directly by the reporting person’s spouse.
• Shares owned after the transaction: not specified in the information provided here (Form 4 references holdings that include the 122 ESPP shares per F2).

Context

• This appears to be a routine sell-to-cover transaction tied to RSU vesting, which is common and generally not an indication of a change in insider sentiment. It differs from voluntary open-market sales, as it was made to satisfy tax obligations.
• Not a 10% owner transaction; spouse holdings are disclosed per F3.