Remo Canessa - Jun 10, 2021 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role: Chief Financial Officer
Signature: /s/ Torrie Nute, by power of attorney
Stock symbol: ZS
Transactions as of: Jun 10, 2021
Transactions value $: -$9,941,644
Form type: 4
Date filed: 6/10/2021, 06:45 PM
Previous filing: Jun 3, 2021
Next filing: Jun 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZS	Common Stock	Options Exercise	$298K	+51.2K	+16.16%	$5.82^*	368K	Jun 10, 2021	Direct
transaction	ZS	Common Stock	Sale	-$10.2M	-51.2K	-13.92%	$200.01	317K	Jun 10, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZS	Employee Stock Option (right to buy)	Options Exercise	$0	-51.2K	-100%	$0.00^*	0	Jun 10, 2021	Common Stock	51.2K	$5.82	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on January 4, 2021, as amended April 6, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $200.00 to $200.18, 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 shares subject to the options are fully vested and immediately exercisable.