Geller Adam 4

What Happened Adam Geller, Chief Product Officer of Zscaler (ZS), sold 2,817 shares on 2026-06-22 at $122.60 per share, generating proceeds of $345,364. The transaction is reported as a sale (S) and was executed under a pre-established trading arrangement.

Key Details

• Transaction date: 2026-06-22; Form 4 filed 2026-06-23 (timely filing)
• Type: Open market or private sale (Code S)
• Shares sold: 2,817 at $122.60 / Total proceeds: $345,364
• Shares owned after transaction: Not disclosed in the provided filing summary
• Footnote: Sale effected pursuant to a Rule 10b5-1 trading plan adopted March 20, 2026
• No indication the filing was late (no transactionTimeliness flag)

Context A 10b5-1 plan lets insiders sell shares on a preset schedule and is commonly used to avoid trading on material nonpublic information; trades under such plans are generally considered routine. Sales alone do not necessarily signal a change in an insider’s view of the company—investors may prefer to watch for patterns of multiple insider trades or changes in ownership disclosed in future filings.