10% owner Mangal Ajay sold 120,000 shares for $36.1M on 2025-06-09 at blended price $300.89
Mangal Ajay, a 10% owner of Zscaler (ZS), executed 12 separate sales on 2025-06-09 totaling 120,000 shares (120.0K shares) for $36,106,497.48 ($36.1M), reducing holdings from 2,670,210 to 2,550,210 shares. The transaction occurred near the 52-week high of $303.03, with the blended average sale price of $300.89 just 1.0% below the peak. While the stock is up +24.2% over the past 30 days and +58.2% over 90 days, his cross-ticker sell track record shows an average 90-day return of +20.3% after sales—indicating his prior sales were poorly timed overall—though at this specific ticker his five most recent sales (all on 2025-03-17) showed modest gains of 0.4–1.3% over the next 30 days. The company remains unprofitable on a full-year basis despite strong revenue growth of +34.1% year-over-year, which may explain the concentrated liquidation at current elevated valuations.