Adam Geller - 15 Sep 2025 Form 4 Insider Report for Zscaler, Inc. (ZS)

Signature
/s/ Torrie Nute, by power of attorney
Issuer symbol
ZS
Transactions as of
15 Sep 2025
Transactions value $
-$6,116,257
Form type
4
Filing time
17 Sep 2025, 21:06:44 UTC
Previous filing
18 Jun 2025
Next filing
16 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Geller Adam Chief Product Officer 120 HOLGER WAY, SAN JOSE /s/ Torrie Nute, by power of attorney 17 Sep 2025 0002040014

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZS Commom Stock Award $0 +18.3K +39.14% $0.00 65.1K 15 Sep 2025 Direct F1
transaction ZS Commom Stock Sale -$3.14M -11.2K -17.18% $280.70 53.9K 16 Sep 2025 Direct F2, F3
transaction ZS Commom Stock Sale -$451K -1.6K -2.97% $282.16 52.3K 17 Sep 2025 Direct F4, F5
transaction ZS Commom Stock Sale -$482K -1.7K -3.25% $283.33 50.6K 17 Sep 2025 Direct F4, F6
transaction ZS Commom Stock Sale -$1.18M -4.14K -8.18% $284.56 46.5K 17 Sep 2025 Direct F4, F7
transaction ZS Commom Stock Sale -$863K -3.02K -6.5% $285.45 43.5K 17 Sep 2025 Direct F4, 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 restricted stock units granted upon achievement of certain performance metrics pursuant to performance-based restricted stock units granted December 5, 2024 under Zscaler's Fiscal Year 2018 Incentive Plan. The restricted stock units vest 100% on September 15, 2025.
F2 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $280.6978 to $280.6983, 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 footnote (3) to this Form 4.
F4 The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted on March 12, 2025.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.96 to $282.78, 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 (5) through (8) 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 $283.00 to $283.82, 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 (5) through (8) 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 $284.00 to $284.99, 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 (5) through (8) to this Form 4.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $285.11 to $285.89, 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 (5) through (8) to this Form 4.