Zscaler CRO Michael Rich sells $791,869 in shares for taxes

Zscaler's Chief Revenue Officer and President of Worldwide Sales, Michael J. Rich, recently sold 4,108 shares of the company's common stock, amounting to approximately $791,869, to satisfy tax withholding obligations related to the vesting of restricted stock units. This transaction occurred on September 16, 2026, in accordance with Zscaler's equity incentive plans.

The sale was not a discretionary trade, but rather a necessary step to meet tax requirements. The same day, Zscaler's shares experienced a significant 20% increase, currently trading at $197.47. InvestingPro's analysis indicates the stock is undervalued and included in the most undervalued stocks list. After this transaction, Mr. Rich currently owns 96,193 shares of Zscaler common stock.

Zscaler boasts impressive gross profit margins of 77% and analysts predict profitability for the current fiscal year. In more recent news, the cybersecurity company reported strong fourth-quarter fiscal 2026 results, surpassing revenue and profit expectations. The company generated $898.2 million in revenue, representing a 25% year-over-year increase, which exceeded consensus estimates by 2.4%.

Industry analysts have reacted positively to these results, with several firms raising their price targets and maintaining their Outperform and Overweight ratings. These developments highlight a favorable outlook on Zscaler's recent performance and future growth potential.