Adam Geller, Chief Product Officer of Zscaler, Inc. (NASDAQ:ZS), filed a Form 4 on November 3, 2026, disclosing the exercise of 1,041 stock options and the same-day sale of 1,041 shares of common stock on November 2, 2026.

Key Highlights

  • Option exercise: Geller exercised 1,041 stock options at an exercise price of $205.61 per share on November 2, 2026, via transaction code M.
  • Share sale: 1,041 shares of common stock were sold at $238 per share on November 2, 2026, via transaction code S.
  • 10b5-1 plan: According to the filing, the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on March 20, 2026.
  • Post-transaction holdings: Following the transactions, Geller directly held 58,167 shares of common stock.
  • Remaining options: Geller retained 23,959 stock options with an exercise price of $205.61, expiring December 5, 2034, all of which the filing states are fully vested and immediately exercisable.

Geller's November 2 Option Exercise and Sale at Zscaler

According to the Form 4 filed with the SEC on November 3, 2026, Adam Geller, serving as Chief Product Officer of Zscaler, Inc. (NASDAQ:ZS), reported two transactions in the company's common stock, both dated November 2, 2026. The first was the exercise of 1,041 stock options at a conversion price of $205.61 per share, increasing his directly held common stock position to 59,208 shares.

Immediately following the exercise, the filing reports that Geller sold 1,041 shares at a price of $238 per share, reducing his directly held common stock position to 58,167 shares. The filing notes that the sale was made pursuant to a Rule 10b5-1 trading plan that Geller adopted on March 20, 2026. The Form 4 was signed by Torrie Nute under power of attorney and dated November 3, 2026.

In Table II, the filing discloses that prior to this transaction Geller held stock options covering 1,041 shares at an exercise price of $205.61 with an expiration date of December 5, 2034. After the exercise, 23,959 options remain. The filing states those remaining options "are fully vested and immediately exercisable." The form was filed by one reporting person, with no indirect beneficial ownership reported for either common stock or derivative securities.

What Was Disclosed

Zscaler's Chief Product Officer Adam Geller disclosed the exercise of 1,041 fully vested stock options and the same-day sale of 1,041 common shares at $238 each on November 2, 2026, under a pre-established 10b5-1 trading plan adopted March 20, 2026.