Dali Rajic - Aug 1, 2023 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role
Chief Operating Officer
Signature
/s/ Torrie Nute, by power of attorney
Stock symbol
ZS
Transactions as of
Aug 1, 2023
Transactions value $
-$3,462,922
Form type
4
Date filed
8/2/2023, 04:56 PM
Previous filing
Jul 6, 2023
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Sale -$2.4M -15.3K -4.99% $157.09 291K Aug 1, 2023 Direct F1, F2
transaction ZS Common Stock Sale -$885K -5.6K -1.92% $157.96 286K Aug 1, 2023 Direct F1, F3
transaction ZS Common Stock Sale -$179K -1.12K -0.39% $159.00 284K Aug 1, 2023 Direct F1
* 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 The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on April 6, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.59 to $157.55, 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) and (3) to this Form 4.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.67 to $158.18, 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) and (3) to this Form 4.