ZS · Zscaler, Inc.

Raj Judge held two distinct but influential roles at Zscaler: as EVP of Corporate Strategy, he was responsible for shaping long-term growth initiatives, M&A strategy, and competitive positioning; as a Board member, he contributed governance oversight and strategic alignment between management and directors. His simultaneous resignation from both roles—effective immediately on April 15, 2026—represents an uncommon dual departure that may signal a strategic pivot or internal realignment. While the filing explicitly states no disagreement underlies his exit, the timing—mid-fiscal year and ahead of the end of his employment on July 31—leaves a three-and-a-half-month gap before full separation, limiting transition capacity. The referenced Change of Control and Severance Policy (filed December 2, 2024) governs severance, implying predetermined terms rather than ad hoc negotiation, which mitigates near-term financial uncertainty. Investors should monitor whether Zscaler discloses a successor, interim arrangements, or any reassignment of strategic responsibilities in subsequent filings or earnings communications.