Zscaler, Inc. — Director's Dealing 2018

Nov 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2018-11-01

Reporting Person: Schlossman Robert (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-01	Common Stock	M	10000	$4.40	Acquired	107966	Direct
2018-11-01	Common Stock	S	4820	$35.9869	Disposed	103146	Direct
2018-11-01	Common Stock	S	600	$36.6438	Disposed	102546	Direct
2018-11-01	Common Stock	S	3300	$38.6766	Disposed	99246	Direct
2018-11-01	Common Stock	S	1280	$38.9886	Disposed	97966	Direct
2018-11-02	Common Stock	M	35000	$4.40	Acquired	132966	Direct
2018-11-02	Common Stock	S	12751	$38.74	Disposed	120215	Direct
2018-11-02	Common Stock	S	22249	$39.3579	Disposed	97966	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-11-01	Employee Stock Option (right to buy)	$4.40	M	10000	Disposed	2023-01-15	Common Stock (10000)	Direct
2018-11-02	Employee Stock Option (right to buy)	$4.40	M	35000	Disposed	2023-01-15	Common Stock (35000)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 21, 2018.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.45 to $36.43, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5), (6) and (7) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $36.80, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.91 to $38.90, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.91 to $39.36, inclusive.

F6: he price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.09 to $39.08, inclusive.

F7: he price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.09 to $39.73, inclusive.

F8: The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the shares subject to the option vested on January 14, 2017 and 1/48 of the shares vest monthly thereafter.