Zscaler CEO Jay Chaudhry Holds 26.9M Shares, Signals Confidence

TL;DR

**Zscaler CEO Jay Chaudhry still owns a massive 26.9 million shares, showing strong conviction.**

AI Summary

Jagtar S. (Jay) Chaudhry, CEO of Zscaler, Inc., filed an amended SC 13G/A on February 12, 2024, disclosing his beneficial ownership of 26,943,156 shares of Zscaler's common stock as of December 31, 2023. This includes 2,547,261 shares with sole voting and dispositive power, and 24,395,895 shares with shared voting and dispositive power. This filing is important for investors as it confirms the significant, continued stake of the company's founder and CEO, signaling his strong alignment with shareholder interests and confidence in Zscaler's future.

Why It Matters

This filing confirms that Zscaler's founder and CEO, Jay Chaudhry, maintains a substantial ownership stake, which often indicates strong leadership commitment and belief in the company's long-term success. His significant holdings align his personal financial interests directly with the company's performance, which can be reassuring for current and prospective investors.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant ownership stake by the CEO, which generally reduces risk by aligning management's interests with shareholders.

Analyst Insight

A smart investor would view this filing as a positive signal, reinforcing confidence in Zscaler's leadership and long-term strategy due to the CEO's substantial and continued personal investment. This could encourage holding existing positions or considering new ones, assuming other fundamental analyses are favorable.

Key Numbers

• 26,943,156 — Total Shares Beneficially Owned (Represents the aggregate number of Zscaler shares held by CEO Jay Chaudhry, indicating his substantial personal investment in the company.)
• 2,547,261 — Shares with Sole Power (These shares are under Jay Chaudhry's direct control for voting and disposition, highlighting his individual influence.)
• 24,395,895 — Shares with Shared Power (These shares are controlled jointly, likely through trusts or family entities, demonstrating a broader family or group stake aligned with the CEO.)

Key Players & Entities

• Jagtar S. (Jay) Chaudhry (person) — Reporting Person, CEO of Zscaler, Inc.
• Zscaler, Inc. (company) — Subject Company
• 06 Technology (company) — Organization Name associated with Zscaler, Inc.
• 26,943,156 (dollar_amount) — Aggregate amount of shares beneficially owned by Jagtar S. (Jay) Chaudhry
• 2,547,261 (dollar_amount) — Shares with sole voting and dispositive power held by Jagtar S. (Jay) Chaudhry
• 24,395,895 (dollar_amount) — Shares with shared voting and dispositive power held by Jagtar S. (Jay) Chaudhry
• December 31, 2023 (date) — Date of Event Which Requires Filing of this Statement
• February 12, 2024 (date) — Filing date of the SC 13G/A

Forward-Looking Statements

• Jay Chaudhry will maintain a significant ownership stake in Zscaler, Inc. for the foreseeable future. (Jagtar S. (Jay) Chaudhry) — high confidence, target: December 31, 2024
• Zscaler's stock performance will continue to be influenced by the stability of its leadership's ownership. (Zscaler, Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0001193125-24-031006.txt : 20240212 0001193125-24-031006.hdr.sgml : 20240212 20240212070056 ACCESSION NUMBER: 0001193125-24-031006 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 GROUP MEMBERS: JYOTI CHAUDHRY SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Zscaler, Inc. CENTRAL INDEX KEY: 0001713683 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] ORGANIZATION NAME: 06 Technology IRS NUMBER: 261173892 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90873 FILM NUMBER: 24617331 BUSINESS ADDRESS: STREET 1: 110 ROSE ORCHARD WAY CITY: SAN JOSE STATE: CA ZIP: 95134 BUSINESS PHONE: (408) 533-0288 MAIL ADDRESS: STREET 1: 110 ROSE ORCHARD WAY CITY: SAN JOSE STATE: CA ZIP: 95134 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Chaudhry Jagtar Singh CENTRAL INDEX KEY: 0001374436 ORGANIZATION NAME: FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O ZSCALER, INC. STREET 2: 110 ROSE ORCHARD WAY CITY: SAN JOSE STATE: CA ZIP: 95134 SC 13G/A 1 d85948dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 4)* ZSCALER, INC. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of Securities) 98980G 102 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☐ Rule 13d-1(c) ☒ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 98980G 102 Page 2 1 NAME OF REPORTING PERSON: Jagtar S. (Jay) Chaudhry I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ☐   (b) ☐ 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: United States of America NUMBER OF SHARES  BENEFICIALLY  OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 2,547,261 6 SHARED VOTING POWER 24,395,895 7 SOLE DISPOSITIVE POWER 2,547,261 8 SHARED DISPOSITIVE POWER 24,395,895  9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 26,943,156 (1) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 18.16% (2) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): IN (1) Includes (i) 369,267 shares held of record by Mr. Chaudhry (ii) 2,177,994 shares held of record by Jagtar S Chaudhry TTEE the RSJ Trust U/A DTD 06/07/2017 (iii) 24,389,229 shares held of record by Jyoti Chaudhry TTEE the RSP Trust U/A DTD 06/07/2017 and (iv) 6,666 shares held of record by P. Jyoti Chaudhry Family Trust dated March 1, 2000 for which Ms. Kaur serves as trustee. (2) Based on 148,333,445 shares of the Issuer’s common stock outstanding as of November 30, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended October 31, 2023, filed with the Securities and Exchange Commission on December 6, 2023. CUSIP No. 98980G 102 Page 3 1 NAME OF REPORTING PERSON: Jyoti Chaudhry I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A