Zscaler (ZS) CLO Robert Schlossman Sells 5,394 Shares

What Happened
Robert Schlossman, Chief Legal Officer of Zscaler (ZS), reported the sale of 5,394 shares on 2026-09-21 at $200.00 per share, generating proceeds of $1,078,800. The transaction is a sale (not a purchase), which is often routine when executed under a pre-established trading plan.

Key Details

• Transaction date and price: 2026-09-21 — 5,394 shares sold at $200.00 each.
• Total value: $1,078,800.
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes of note:
  • The sale was effected under a Rule 10b5-1 trading plan adopted July 3, 2025 (pre-arranged trading plan).
  • The filing notes some shares are held directly by the reporting person's spouse.
• Timeliness: Filing shows the report date as 2026-09-21 (no late filing indicated).

Context
A Rule 10b5-1 plan allows insiders to sell shares according to a pre-set schedule and is commonly used to avoid potential accusations of opportunistic trading; such sales are typically considered routine and do not necessarily signal a change in the insider’s view of the company. The reporting of spouse-held shares indicates some beneficial holdings are held in a spouse’s name; this is a disclosure item and not a purchase or gift.