Karen Blasing - Nov 22, 2023 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role
Director
Signature
/s/ Torrie Nute, by power of attorney
Stock symbol
ZS
Transactions as of
Nov 22, 2023
Transactions value $
-$1,275,325
Form type
4
Date filed
11/27/2023, 04:23 PM
Previous filing
Nov 13, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Options Exercise $63.1K +10.8K +69.61% $5.82* 26.4K Nov 22, 2023 Direct
transaction ZS Common Stock Sale -$276K -1.45K -5.49% $190.58 25K Nov 22, 2023 Direct F1, F2
transaction ZS Common Stock Sale -$986K -5.15K -20.65% $191.29 19.8K Nov 22, 2023 Direct F1, F3
transaction ZS Common Stock Sale -$76.9K -400 -2.02% $192.19 19.4K Nov 22, 2023 Direct F1, F4
holding ZS Common Stock 25.6K Nov 22, 2023 See footnote F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ZS Employee Stock Option (right to buy) Options Exercise $0 -10.8K -14.29% $0.00 65K Nov 22, 2023 Common Stock 10.8K $5.82 Direct F6
* 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 July 5, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.91 to $190.90, 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) through (4) 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 $190.91 to $191.89, 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) through (4) to this Form 4.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.92 to $192.71, 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) through (4) to this Form 4.
F5 The shares are held of record by The Blasing Family Revocable Trust U/A dtd 12/22/2005 for which the reporting person serves as trustee.
F6 The shares subject to the options are fully vested and immediately exercisable.