Karen Blasing - 24 May 2021 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role: Director
Signature: /s/ Torrie Nute, by power of attorney
Issuer symbol: ZS
Transactions as of: 24 May 2021
Net transactions value: -$253,293
Form type: 4
Filing time: 25 May 2021, 17:09:21 UTC
Previous filing: 11 May 2021
Next filing: 26 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZS	Common Stock	Options Exercise	$8,730	+1,500	+85%	$5.82	3,263	24 May 2021	Direct
transaction	ZS	Common Stock	Sale	$13,801	-80	-2.5%	$172.51	3,183	24 May 2021	Direct	F1, F2
transaction	ZS	Common Stock	Sale	$108,083	-620	-19%	$174.33	2,563	24 May 2021	Direct	F1, F3
transaction	ZS	Common Stock	Sale	$140,139	-800	-31%	$175.17	1,763	24 May 2021	Direct	F1, F4
holding	ZS	Common Stock						25,624	24 May 2021	See footnote	F5

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	-1,500	-1.1%	$0.000000	140,334	24 May 2021	Common Stock	1,500	$5.82	Direct	F6

* 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 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 $172.14 to $172.69, 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 footnotes (2) through (4) 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 $173.74 to $174.68, inclusive.
F4	The price reported in Column 4 is weighted average price. These shares were sold in multiple transactions at prices ranging from $174.745 to $175.68, inclusive.
F5	The shares are held of record by The Blasing Family Revocable Trust U/A dtd 12/22/2005 for which the reporting person serves as trustee.
F6	The shares subject to the options are fully vested and immediately exercisable.