Zscaler, Inc. — Director's Dealing 2019

Aug 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2019-08-01

Reporting Person: Apte Manoj (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-01	Common Stock	M	93669	$2.63	Acquired	207731	Direct
2019-08-01	Common Stock	S	32557	$84.3107	Disposed	175174	Direct
2019-08-01	Common Stock	S	58480	$85.203	Disposed	116694	Direct
2019-08-01	Common Stock	S	2632	$85.7918	Disposed	114062	Direct
2019-08-01	Common Stock	S	1100	$84.5364	Disposed	36797	Indirect
2019-08-01	Common Stock	S	775	$85.366	Disposed	36022	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-01	Employee Stock Option (right to buy)	$2.63	M	93669	Disposed	2025-04-03	Common Stock (93669)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	132	Indirect
Common Stock	132	Indirect
Common Stock	138594	Indirect
Common Stock	141784	Indirect

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on September 28, 2018.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.745 to $84.74, 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) 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 $84.75 to $85.74, inclusive.

F4: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.75 to $85.88, inclusive.

F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.97 to $84.84, inclusive.

F6: The shares are held directly by the Akshay Kosh Family Trust dated December 18, 2006 for which the reporting person and his spouse serve as trustees.

F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.14 to $85.80, inclusive.

F8: The shares are held directly by the reporting person's mother-in-law.

F9: The shares are held directly by the reporting person's father-in-law.

F10: The shares are held directly by the Manoj Apte 2017 GRAT for which the reporting person serves as trustee.

F11: The shares are held directly by the Lalita Godbole 2017 GRAT for which the reporting person's spouse serves as trustee.

F12: The shares subject to the option are fully vested and immediately exercisable.