SEC Form 4 · accession 0001209191-18-057260
Zscaler, Inc. · ZS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Schlossman
Officer — Chief Legal Officer
Period of report
Nov 1, 2018
Accepted (ET)
Nov 5, 2018 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001713683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 1, 2018 | M | 10,000 | $4.40 | A | 107,966 | D | |
| Common StockF2 | Nov 1, 2018 | S | 4,820 | $35.9869 | D | 103,146 | D | |
| Common StockF3 | Nov 1, 2018 | S | 600 | $36.6438 | D | 102,546 | D | |
| Common StockF4 | Nov 1, 2018 | S | 3,300 | $38.6766 | D | 99,246 | D | |
| Common StockF5 | Nov 1, 2018 | S | 1,280 | $38.9886 | D | 97,966 | D | |
| Common Stock | Nov 2, 2018 | M | 35,000 | $4.40 | A | 132,966 | D | |
| Common StockF6 | Nov 2, 2018 | S | 12,751 | $38.74 | D | 120,215 | D | |
| Common StockF7 | Nov 2, 2018 | S | 22,249 | $39.3579 | D | 97,966 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F8 | $4.40 | Nov 1, 2018 | M | 10,000 | D | — | Jan 15, 2023 | Common Stock | 10,000 | 375,000 | D |
| Employee Stock Option (right to buy)F8 | $4.40 | Nov 2, 2018 | M | 35,000 | D | — | Jan 15, 2023 | Common Stock | 35,000 | 340,000 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 21, 2018.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.45 to $36.43, 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), (3), (4), (5), (6) and (7) to this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $36.50 to $36.80, inclusive.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.91 to $38.90, inclusive.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.91 to $39.36, inclusive.
- F6he price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.09 to $39.08, inclusive.
- F7he price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.09 to $39.73, inclusive.
- F8The option is subject to an early exercise provision and is immediately exercisable. One-fourth of the shares subject to the option vested on January 14, 2017 and 1/48 of the shares vest monthly thereafter.