Zscaler Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
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EDP Services
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM 8-K
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CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
Effective April 29, 2025, Zscaler, Inc. (the "Company") entered into a sublease between the Company and Airbnb, Inc, dated April 24, 2025 (the "Sublease"). The effectiveness of the Sublease was conditioned upon obtaining the consent of the landlord to the Sublease.
The properties subject to the Sublease are located at 4301 and 4401 Great America Parkway, Santa Clara, California and consist of up to an aggregate of approximately 301,000 square feet of rentable space.
The term of the Sublease commences on September 1, 2026 and terminates on April 30, 2032. The total base rent, including committed fixed expenses through the duration of the Sublease term, is approximately $69.5 million. In addition to the base rent, the Company will be responsible for covering operating costs and other related expenses.
The above description of the Sublease does not purport to be complete and is qualified in its entirety by reference to the Sublease, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the three months ended April 30, 2025.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Zscaler, Inc. | ||||||||
| May 5, 2025 | /s/ | Remo Canessa | ||||||
| Remo Canessa | ||||||||
| Chief Financial Officer | ||||||||