Robert Schlossman - 16 Jun 2023 Form 4 Insider Report for Zscaler, Inc. (ZS)

Signature
/s/ Torrie Nute, by power of attorney
Issuer symbol
ZS
Transactions as of
16 Jun 2023
Net transactions value
-$986,342
Form type
4
Filing time
20 Jun 2023, 18:12:52 UTC
Previous filing
07 Jun 2023
Next filing
19 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Gift $0 -1,000 -0.7% $0.000000 141,899 16 Jun 2023 Direct
transaction ZS Common Stock Sale $785,252 -5,013 -3.5% $156.64 137,099 16 Jun 2023 Direct F1, F2
transaction ZS Common Stock Sale $201,089 -1,322 -0.96% $152.11 135,777 20 Jun 2023 Direct F3
holding ZS Commom Stock 66 16 Jun 2023 See Footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 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.
F2 Includes 213 shares acquired under the Issuer's Fiscal year 2018 Employee Stock Purchase Plan on June 15, 2023.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 28, 2022.
F4 The shares are held directly by the reporting person's spouse.