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

Signature
/s/ Torrie Nute, by power of attorney
Issuer symbol
ZS
Transactions as of
14 Sep 2022
Net transactions value
-$1,351,337
Form type
4
Filing time
16 Sep 2022, 19:24:54 UTC
Previous filing
22 Jun 2022
Next filing
19 Oct 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Award $0 +30,804 +27% $0.000000 143,426 14 Sep 2022 Direct F1
transaction ZS Common Stock Sale $1,351,337 -8,045 -5.6% $167.97 135,381 16 Sep 2022 Direct F2, F3
holding ZS Common Stock 66 14 Sep 2022 See Footnote F4
* 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% 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 $167.9719 to $167.9724, 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.
F4 The shares are held directly by the reporting person's spouse.