KAREN BLASING - 17 Jan 2024 Form 4 Insider Report for Zscaler, Inc. (ZS)

Role
Director
Signature
/s/ Torrie Nute, by power of attorney
Issuer symbol
ZS
Transactions as of
17 Jan 2024
Net transactions value
-$1,508,235
Form type
4
Filing time
18 Jan 2024, 17:42:57 UTC
Previous filing
05 Jan 2024
Next filing
01 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Common Stock Options Exercise $63,048 +10,833 +34% $5.82* 42,706 17 Jan 2024 Direct
transaction ZS Common Stock Sale $133,657 -600 -1.4% $222.76 42,106 17 Jan 2024 Direct F1, F2
transaction ZS Common Stock Sale $542,450 -2,425 -5.8% $223.69 39,681 17 Jan 2024 Direct F1, F3
transaction ZS Common Stock Sale $759,263 -3,375 -8.5% $224.97 36,306 17 Jan 2024 Direct F1, F4
transaction ZS Common Stock Sale $90,160 -400 -1.1% $225.40 35,906 17 Jan 2024 Direct F1, F5
transaction ZS Common Stock Sale $22,799 -100 -0.28% $227.99 35,806 17 Jan 2024 Direct F1
transaction ZS Common Stock Sale $22,954 -100 -0.28% $229.54 35,706 17 Jan 2024 Direct F1
holding ZS Common Stock 25,624 17 Jan 2024 See footnote F6

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 -10,833 -33% $0.000000 21,666 17 Jan 2024 Common Stock 10,833 $5.82 Direct F7
* 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 $222.19 to $223.13, 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 (5) 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 $223.27 to $224.24, 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 (2) and (5) 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 $224.31 to $225.30, 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 (5) 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 $225.31 to $225.57, 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 (5) to this Form 4.
F6 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.
F7 The shares subject to the options are fully vested and immediately exercisable.