Summary by Futu AI
Zscaler's CFO, Remo E Canessa, is set to sell 3,212 shares of common stock on 12/18/2024, with an estimated market value of $641,395.29. This transaction is part of a pre-planned sale, as indicated by the plan adoption date of 01/04/2024.The shares to be sold were recently acquired by Canessa on 12/15/2024, comprising 1,192 performance shares and 2,020 restricted stock units granted by the company. This sale follows a previous transaction on 12/17/2024, where Canessa sold 3,703 shares for gross proceeds of $741,783.08.These transactions suggest a pattern of regular stock sales by the CFO, likely as part of a predetermined executive compensation plan. Investors should note that such planned sales by executives are common and may not necessarily reflect the company's current performance or future prospects.