Remo Canessa - Sep 14, 2022 Form 4 Insider Report for Zscaler, Inc. (ZS)

Signature
/s/ Torrie Nute, by power of attorney
Stock symbol
ZS
Transactions as of
Sep 14, 2022
Transactions value $
-$1,741,202
Form type
4
Date filed
9/16/2022, 07:23 PM
Previous filing
Jun 17, 2022
Next filing
Oct 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Award $0 +41.1K +15.65% $0.00 303K Sep 14, 2022 Direct F1
transaction ZS Common Stock Sale -$1.74M -10.4K -3.42% $167.97 293K Sep 16, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units granted upon achievement of certain FY22 performance metrics pursuant to performance-based restricted stock units granted September 1, 2021 under Zscaler's Fiscal Year 2018 Incentive Plan. The restricted stock units will vest 25% on September 15, 2022 and 6.25% will vest each quarter thereafter until fully vested.
F2 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units as mandated by the Issuer's election under its equity incentive plans and does not represent a discretionary trade by the Reporting Person.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.9722 to $167.9728, 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.