Robert Schlossman - 17 Jun 2024 Form 4 Insider Report for Zscaler, Inc. (ZS)

Signature
/s/ Torrie Nute, by power of attorney
Issuer symbol
ZS
Transactions as of
17 Jun 2024
Net transactions value
-$1,831,749
Form type
4
Filing time
20 Jun 2024, 21:38:49 UTC
Previous filing
12 Jun 2024
Next filing
24 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Gift $0 -1,000 -0.77% $0.000000 128,638 17 Jun 2024 Direct
transaction ZS Common Stock Sale $650,262 -3,594 -2.8% $180.93 125,257 18 Jun 2024 Direct F1, F2
transaction ZS Common Stock Sale $352,170 -1,990 -1.6% $176.97 123,267 20 Jun 2024 Direct F1
transaction ZS Common Stock Sale $35,238 -200 -0.16% $176.19 123,067 20 Jun 2024 Direct F3, F4
transaction ZS Common Stock Sale $66,823 -376 -0.31% $177.72 122,691 20 Jun 2024 Direct F3, F5
transaction ZS Common Stock Sale $660,594 -3,698 -3% $178.64 118,993 20 Jun 2024 Direct F3, F6
transaction ZS Common Stock Sale $66,661 -372 -0.31% $179.20 118,621 20 Jun 2024 Direct F3, F7
holding ZS Commom Stock 66 17 Jun 2024 See Footnote F8
* 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 17, 2024.
F3 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on June 20, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $175.93 to $176.45, 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 (4) through (7) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.10 to $178.00, 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 (4) through (7) to this Form 4.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $178.12 to $179.09, 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 (4) through (7) to this Form 4.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.15 to $179.24, 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 (4) through (7) to this Form 4.
F8 The shares are held directly by the reporting person's spouse.