Judge Raj 4

What Happened

• Judge Raj, EVP of Corporate Strategy & Ventures and a director at Zscaler (ZS), sold 2,488 shares on 2026-03-17 at $156.59 per share, generating proceeds of approximately $389,604. The filing identifies the transaction as a sale (S) completed via open-market or private sale.

Key Details

• Transaction date: 2026-03-17; Filing date: 2026-03-18 (timely filing).
• Price per share: $156.59; Total proceeds: ~$389,604.
• Transaction type/code: Sale (S); method reported as open market or private sale.
• Footnote: The sale "represents the number of shares sold ... to cover tax withholding obligations in connection with the vesting of restricted stock units" and "does not represent a discretionary trade" (F1).
• Shares owned after the transaction: not specified in the provided filing data.

Context

• This was a tax-withholding sale tied to RSU vesting, a routine administrative transaction rather than an independent, discretionary sell signal. Such withholding sales are common after awards vest and do not necessarily reflect the insider’s view on the company’s prospects.