Zscaler, Inc. — Director's Dealing 2021

Nov 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Zscaler, Inc. (ZS)
CIK: 0001713683
Period of Report: 2021-11-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-24	Common Stock	M	7000	$5.925	Acquired	261252	Direct
2021-11-24	Common Stock	S	300	$329.9533	Disposed	260952	Direct
2021-11-24	Common Stock	S	300	$331.7567	Disposed	260652	Direct
2021-11-24	Common Stock	S	200	$333.41	Disposed	260452	Direct
2021-11-24	Common Stock	S	229	$334.7569	Disposed	260223	Direct
2021-11-24	Common Stock	S	300	$336.6633	Disposed	259923	Direct
2021-11-24	Common Stock	S	300	$338.4167	Disposed	259623	Direct
2021-11-24	Common Stock	S	600	$339.2817	Disposed	259023	Direct
2021-11-24	Common Stock	S	1100	$340.5364	Disposed	257923	Direct
2021-11-24	Common Stock	S	2103	$341.5906	Disposed	255820	Direct
2021-11-24	Common Stock	S	1568	$342.3987	Disposed	254252	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-24	Employee Stock Option (right to buy)	$5.925	M	7000	Disposed	2027-04-10	Common Stock (7000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46000	Indirect
Common Stock	46000	Indirect
Common Stock	131702	Indirect
Common Stock	72375	Indirect
Common Stock	72374	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 $329.91 to $330.02, 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 $331.29 to $331.99, inclusive.

F4: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $332.99 to $333.83, inclusive.

F5: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $334.74 to $334.77, inclusive.

F6: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $336.58 to $336.78, inclusive.

F7: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $337.85 to $338.83, inclusive.

F8: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $338.85 to $339.70, inclusive.

F9: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $339.99 to $340.93, inclusive.

F10: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $341.01 to $342.00, inclusive.

F11: The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $342.10 to $342.84, inclusive.

F12: The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Family Incentive Trust

F13: The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Education Excellence Trust.

F14: The shares are held of record by the Sinha Revocable Trust dated September 24, 2011 for which the reporting person serves as trustee.

F15: 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.

F16: 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.

F17: The shares are held of record by the Amit & Deepali Sinha Foundation for which the reporting person and his spouse serve as trustees.

F18: One-fourth of the shares subject to the option vest on November 1, 2018 and 1/48 of the shares vest monthly thereafter.