Zscaler, Inc. — Director's Dealing 2021

Dec 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2021-12-23

Reporting Person: Sinha Amit (Director, President of R&D and CTO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-23	Common Stock	M	8333	$5.925	Acquired	253301	Direct
2021-12-23	Common Stock	S	700	$318.4329	Disposed	252601	Direct
2021-12-23	Common Stock	S	600	$319.4983	Disposed	252001	Direct
2021-12-23	Common Stock	S	800	$321.4488	Disposed	251201	Direct
2021-12-23	Common Stock	S	1414	$322.2419	Disposed	249787	Direct
2021-12-23	Common Stock	S	1945	$323.4201	Disposed	247842	Direct
2021-12-23	Common Stock	S	2274	$324.2159	Disposed	245568	Direct
2021-12-23	Common Stock	S	600	$325.3267	Disposed	244968	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-23	Employee Stock Option (right to buy)	$5.925	M	8333	Disposed	2027-04-10	Common Stock (8333.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	131702	Indirect
Common Stock	46000	Indirect
Common Stock	46000	Indirect
Common Stock	62374	Indirect
Common Stock	62375	Indirect
Common Stock	66000	Indirect

Footnotes

F1: The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2020.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $317.74 to $318.73, 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 the footnotes 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 $319.01 to $319.98, inclusive.

F4: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $320.77 to $321.75, inclusive.

F5: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $321.82 to $322.71, inclusive.

F6: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $322.91 to $323.89, inclusive.

F7: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $323.91to $324.77, inclusive.

F8: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $325 to $325.72, inclusive.

F9: The shares are held of record by the Sinha Revocable Trust dated September 24, 2011 for which the reporting person serves as trustee.

F10: The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Family Incentive Trust

F11: The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Education Excellence Trust.

F12: The shares are held of record in trust for the reporting person's minor daughter for which Neha and Piyush Kumar serve as co-trustees.

F13: The shares are held of record in trust for the reporting person's minor son for which Neha and Piyush Kumar serve as co-trustees.

F14: The shares are held of record by the Amit & Deepali Sinha Foundation for which the reporting person and his spouse serve as trustees.

F15: The shares subject to the options are fully vested and exercised.