Robert Schlossman - Oct 18, 2021 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role: Chief Legal Officer
Signature: /s/ Torrie Nute, by power of attorney
Stock symbol: ZS
Transactions as of: Oct 18, 2021
Transactions value $: -$1,182,432
Form type: 4
Date filed: 10/19/2021, 05:02 PM
Previous filing: Sep 22, 2021
Next filing: Dec 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZS	Common Stock	Options Exercise	$17.6K	+4K	+3.21%	$4.40^*	129K	Oct 18, 2021	Direct
transaction	ZS	Common Stock	Sale	-$1.2M	-4K	-3.11%	$300.01	125K	Oct 18, 2021	Direct	F1, F2
holding	ZS	Common Stock						66	Oct 18, 2021	See Footnote	F3

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	-4K	-100%	$0.00^*	0	Oct 18, 2021	Common Stock	4K	$4.40	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on July 2, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300 to $300.01, 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 shares are held directly by the reporting person's spouse.
F4	The shares subject to the options are fully vested and immediately exercisable.