Zscaler, Inc. — Director's Dealing 2020

Jun 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2020-06-02

Reporting Person: CANESSA REMO (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-02	Common Stock	A	58027	—	Acquired	367400	Direct
2020-06-03	Common Stock	M	110000	$5.82	Acquired	477400	Direct
2020-06-03	Common Stock	S	8500	$104.8498	Disposed	468900	Direct
2020-06-03	Common Stock	S	24715	$105.97	Disposed	444185	Direct
2020-06-03	Common Stock	S	53247	$107.1303	Disposed	390938	Direct
2020-06-03	Common Stock	S	17203	$107.9322	Disposed	373735	Direct
2020-06-03	Common Stock	S	6335	$108.5485	Disposed	367400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-03	Employee Stock Option (right to buy)	$5.82	M	110000	Disposed	2027-03-02	Common Stock (110000.0)	Direct

Footnotes

F1: The reported shares are represented by restricted stock units, or RSUs, which vest in 16 equal quarterly installments beginning on December 15, 2020.

F2: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on March 10, 2020.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $104.27 to $105.09, 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 (3) through (7) to this Form 4.

F4: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $105.49 to $106.48, inclusive.

F5: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $106.49 to $107.48, inclusive.

F6: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $107.49 to $108.475, inclusive.

F7: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $108.495 to $108.78, 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 February 6, 2018 and 1/48 of the shares vest monthly thereafter.