Zscaler, Inc.
US ˙ NasdaqGS ˙ US98980G1022

SecurityZS / Zscaler, Inc.
InstitutionNeuberger Berman Group LLC
Latest Disclosed Ownership216,470 shares
Latest Disclosed Value $ 30,368,552
Neuberger Berman Group LLC reports 22.69% decrease in ownership of ZS / Zscaler, Inc.

On May 14, 2026 - Neuberger Berman Group LLC filed a 13F-HR form disclosing ownership of 216,470 shares of Zscaler, Inc. (US:ZS) valued at $30,368,576 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 280,012 shares of Zscaler, Inc.. This represents a change in shares of -22.69% during the quarter. The current value of the position is $28,309,947 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ZSCALER Common 98980G102 216,470 -63,542 -22.69 30,369 -51.78 0.0231
2026-02-13 2025-12-31 13F ZSCALER Common 98980G102 280,012 -83,581 -22.99 62,980 -42.20 0.0469
2025-11-12 2025-09-30 13F ZSCALER Common 98980G102 363,593 112,387 44.74 108,954 38.16 0.0796
2025-08-25 2025-06-30 13F/A-1 ZSCALER Common 98980G102 251,206 131,342 109.58 78,864 231.59 0.0607
2025-08-13 2025-06-30 13F ZSCALER Common 98980G102 251,206 131,342 78,864 0.0314
2025-05-13 2025-03-31 13F ZSCALER Common 98980G102 119,864 -188,175 -61.09 23,783 -57.20 0.0199
2025-02-13 2024-12-31 13F ZSCALER Common 98980G102 308,039 -99 -0.03 55,573 5.51 0.0441
2024-11-14 2024-09-30 13F ZSCALER Common 98980G102 308,138 49,790 19.27 52,673 6.09 0.0411
2024-11-14 2024-06-30 13F/A-1 ZSCALER Common 98980G102 258,348 -21,680 -7.74 49,652 -7.95 0.0408
2024-08-13 2024-06-30 13F ZSCALER Common 98980G102 258,348 -21,680 49,652 0.0408
2024-11-14 2024-03-31 13F/A-1 ZSCALER Common 98980G102 280,028 27,788 11.02 53,942 -3.48 0.0446
2024-05-13 2024-03-31 13F ZSCALER Common 98980G102 280,028 27,788 53,942 0.0446
2024-11-14 2023-12-31 13F/A-2 ZSCALER Common 98980G102 252,240 -163,762 -39.37 55,886 -13.66 0.0487
2024-02-09 2023-12-31 13F ZSCALER Common 98980G102 252,240 -163,762 55,886 0.0487
2023-11-14 2023-09-30 13F ZSCALER Common 98980G102 416,002 153,531 58.49 64,726 68.60 0.0590
2023-08-11 2023-06-30 13F ZSCALER Common 98980G102 262,471 -12,748 -4.63 38,390 19.51 0.0343
2023-05-12 2023-03-31 13F ZSCALER Common 98980G102 275,219 -17,075 -5.84 32,125 -1.78 0.0298
2023-02-13 2022-12-31 13F ZSCALER Common 98980G102 292,294 -63,695 -17.89 32,707 -44.11 0.0321
2022-11-15 2022-09-30 13F ZSCALER Common 98980G102 355,989 -277,948 -43.84 58,523 -39.46 0.0611
2022-08-15 2022-06-30 13F ZSCALER Common 98980G102 633,937 -49,829 -7.29 96,671 -41.40 0.0972
2022-05-23 2022-03-31 13F/A-1 ZSCALER Common 98980G102 683,766 34,453 5.31 164,979 -20.89 0.1398
2022-05-13 2022-03-31 13F ZSCALER Common 98980G102 422,060 -227,253 101,750 0.0454
2022-02-11 2021-12-31 13F ZSCALER Common 98980G102 649,313 -195,668 -23.16 208,535 -5.85 0.1636
2021-11-12 2021-09-30 13F ZSCALER Common 98980G102 844,981 -12,904 -1.50 221,484 19.52 0.1936
2021-08-13 2021-06-30 13F ZSCALER Common 98980G102 857,885 -121,768 -12.43 185,309 10.21 0.1617
2021-05-13 2021-03-31 13F ZSCALER Common 98980G102 979,653 368,129 60.20 168,141 37.68 0.1606
2021-02-10 2020-12-31 13F ZSCALER Common 98980G102 611,524 -270,405 -30.66 122,127 -1.57 0.1266
2020-11-12 2020-09-30 13F ZSCALER Common 98980G102 881,929 7,478 0.86 124,077 29.58 0.1471
2020-08-13 2020-06-30 13F ZSCALER Common 98980G102 874,451 -276,436 -24.02 95,752 36.70 0.1190
2020-05-14 2020-03-31 13F ZSCALER Common 98980G102 1,150,887 100,624 9.58 70,043 43.42 0.1068
2020-02-12 2019-12-31 13F ZSCALER Common 98980G102 1,050,263 -160,377 -13.25 48,837 -14.64 0.0570
2019-11-13 2019-09-30 13F ZSCALER Common 98980G102 1,210,640 871,476 256.95 57,215 120.12 0.0699
2019-08-13 2019-06-30 13F ZSCALER Common 98980G102 339,164 141,054 71.20 25,993 84.98 0.0311
2019-05-13 2019-03-31 13F ZSCALER Common 98980G102 198,110 -23,584 -10.64 14,052 61.67 0.0172
2019-02-12 2018-12-31 13F ZSCALER Common 98980G102 221,694 48,669 28.13 8,692 23.19 0.0121
2018-11-16 2018-09-30 13F/A-1 ZSCALER Common 98980G102 173,025 64,266 59.09 7,056 81.48 0.0080
2018-11-13 2018-09-30 13F ZSCALER Common 98980G102 173,025 64,266 7,056
2018-08-13 2018-06-30 13F ZSCALER Common 98980G102 108,759 108,759 3,888 0.0043
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.