Zscaler, Inc. — Director's Dealing 2019

Mar 8, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2017-03-07

Reporting Person: CANESSA REMO (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-07	Common Stock	M	110000	$5.82	Acquired	416250	Direct
2019-03-07	Common Stock	S	79496	$59.2542	Disposed	336754	Direct
2019-03-07	Common Stock	S	30504	$59.8458	Disposed	306250	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-07	Employee Stock Option (right to buy)	$5.82	M	110000	Disposed	2027-03-02	Common Stock (110000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.75 to $59.74, 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 (1) and (2) to this Form 4.

F2: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $59.75 to $59.99, inclusive.

F3: The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the shares subject to the option vested on February 6, 2018 and 1/48 of the shares vest monthly thereafter.