Zscaler, Inc. — Director's Dealing 2020

Aug 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2020-08-20

Reporting Person: Apte Manoj (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-20	Common Stock	M	1179	$5.93	Acquired	113435	Direct
2020-08-20	Common Stock	S	1179	$137.012	Disposed	112256	Direct
2020-08-21	Common Stock	M	15485	$5.93	Acquired	127741	Direct
2020-08-21	Common Stock	S	15485	$137.0617	Disposed	112256	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-20	Employee Stock Option (right to buy)	$5.93	M	1179	Disposed	2027-04-10	Common Stock (1179.0)	Direct
2020-08-21	Employee Stock Option (right to buy)	$5.93	M	15485	Disposed	2027-04-10	Common Stock (15485.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	70579	Indirect
Commom Stock	138085	Indirect

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 28, 2019.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $137.00 to $137.03, 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) and (3) to this Form 4.

F3: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $137.00 to $137.20, inclusive.

F4: 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.

F5: The shares are held directly by the Suhas and Prachi Godbole Family Trust dated December 4, 2017 for which the reporting person's in-laws serve as trustees.

F6: One-fourth of the shares subject to the option vest on November 1, 2018 and 1/48 of the shares vest monthly thereafter.