Zscaler, Inc. — Director's Dealing 2020

Apr 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2020-04-15

Reporting Person: Schlossman Robert (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-15	Common Stock	M	13341	$4.40	Acquired	102401	Direct
2020-04-15	Common Stock	S	13341	$70.0078	Disposed	89060	Direct
2020-04-16	Common Stock	M	1659	$4.40	Acquired	90719	Direct
2020-04-16	Common Stock	S	1659	$70.55	Disposed	89060	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-15	Employee Stock Option (right to buy)	$4.4	M	13341	Disposed	2023-01-15	Common Stock (13341.0)	Direct
2020-04-16	Employee Stock Option (right to buy)	$4.4	M	1659	Disposed	2023-01-15	Common Stock (1659.0)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 27, 2019.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.05, 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 range set forth in this footnote.

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 January 14, 2017 and 1/48 of the shares vest monthly thereafter.