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

Role
President, Director
Signature
/s/ Torrie Nute, by power of attorney
Stock symbol
ZS
Transactions as of
Sep 14, 2022
Transactions value $
-$3,187,108
Form type
4
Date filed
9/16/2022, 07:25 PM
Previous filing
Jun 17, 2022
Next filing
Jan 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Award $0 +71.9K +27.01% $0.00 338K Sep 14, 2022 Direct F1
transaction ZS Common Stock Sale -$3.19M -19K -5.61% $167.97 319K Sep 16, 2022 Direct F2, F3
holding ZS Common Stock 116K Sep 14, 2022 See footnote F4
holding ZS Common Stock 62.4K Sep 14, 2022 See Footnote F5
holding ZS Common Stock 62.4K Sep 14, 2022 See Footnote F6
holding ZS Common Stock 46K Sep 14, 2022 See footnote F7
holding ZS Common Stock 46K Sep 14, 2022 See Footnote F8
holding ZS Common Stock 70K Sep 14, 2022 See Footnote F9
* 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 $167.9721 to $167.9727, 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 of record by the Sinha Revocable Trust dated September 24, 2011 for which the reporting person serves as trustee.
F5 The shares are held of record in trust for the reporting person's minor son for which Neha and Piyush Kumar serve as co-trustees.
F6 The shares are held of record in trust for the reporting person's minor daughter for which Neha and Piyush Kumar serve as co-trustees.
F7 The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Family Incentive Trust
F8 The shares are held of record by the South Dakota Trust Co. LLC TTEE Sinha Education Excellence Trust.
F9 The shares are held of record by the Amit & Deepali Sinha Foundation for which the reporting person and his spouse serve as trustees.