Netskope (NTSK) CRO converts 59,451 Class B shares into Class A stock

Rhea-AI Filing Summary

Netskope Inc Chief Revenue Officer Raphael Bousquet converted derivative shares into common stock in an internal equity move. On January 8, 2026, 59,451 shares of Class B Common Stock were converted into 59,451 shares of Class A Common Stock at no stated cash price, reflecting a 1:1 conversion. Following the transaction, Bousquet directly held 59,451 Class A shares and 63,130 Class B shares, and the filing notes that each Class B share is convertible into one Class A share and will automatically convert on or prior to September 19, 2035.

Insights

Equity compensation analyst

Routine 1:1 share class conversion with no open-market trading.

The filing shows Raphael Bousquet converting 59,451 shares of Class B Common Stock into the same number of Class A shares through a derivative conversion coded "C". The transaction price per share is listed as 0.0000, indicating no cash-paid purchase.

This is an internal capital-structure event, not an open-market buy or sale, and transaction summaries show no net buying or selling activity. The footnotes explain that each Class B share is convertible 1:1 into Class A and will automatically convert by September 19, 2035, framing this as part of a long-planned share-class structure rather than a discretionary trading signal.

Insider Trade Summary

59,451 shares exercised/converted

Mixed 2 txns

Insider Bousquet Raphael

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Conversion	Class B Common Stock	59,451	$0.00	--
Conversion	Class A Common Stock	59,451	$0.00	--

Holdings After Transaction: Class B Common Stock — 63,130 shares (Direct); Class A Common Stock — 59,451 shares (Direct)

Footnotes (1)

1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. The shares of Class B Common Stock automatically convert to shares of Class A Common Stock on a 1:1 basis on or prior to September 19, 2035 as set forth in the Issuer's amended and restated certificate of incorporation.

Key Figures

Shares converted: 59,451 shares Post-transaction Class A holding: 59,451 shares Post-transaction Class B holding: 63,130 shares +2 more

5 metrics

Shares converted 59,451 shares Class B to Class A conversion on January 8, 2026

Post-transaction Class A holding 59,451 shares Class A Common Stock directly held after conversion

Post-transaction Class B holding 63,130 shares Class B Common Stock directly held after derivative conversion

Conversion ratio 1:1 Each Class B share convertible into one Class A share

Automatic conversion deadline September 19, 2035 Class B shares automatically convert to Class A by this date

Key Terms

Class B Common Stock, Class A Common Stock, derivative conversion, amended and restated certificate of incorporation, +1 more

5 terms

Class B Common Stock financial

"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

Class A Common Stock financial

"underlying security title: Class A Common Stock with 59,451 underlying shares"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

derivative conversion financial

"transaction_action: derivative conversion with transaction code description Conversion of derivative security"

amended and restated certificate of incorporation regulatory

"as set forth in the Issuer's amended and restated certificate of incorporation"

A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.

Conversion of derivative security financial

"transaction_code_description: Conversion of derivative security"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Bousquet Raphael

(Last) (First) (Middle)

C/O NETSKOPE, INC.

2445 AUGUSTINE DRIVE, SUITE 301

(Street)

SANTA CLARA CALIFORNIA 95054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Netskope Inc [ NTSK ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/12/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	01/08/2026		C		59,451	A	(1)	59,451	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(1)	01/08/2026		C			59,451	(1)	(2)	Class A Common Stock	59,451	$0	63,130	D

Explanation of Responses:

1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.

2. The shares of Class B Common Stock automatically convert to shares of Class A Common Stock on a 1:1 basis on or prior to September 19, 2035 as set forth in the Issuer's amended and restated certificate of incorporation.

Remarks:

This amendment on Form 4 is filed to correct the conversions of Class A and Class B shares of Common Stock reported on January 8, 2026, January 9, 2026 and January 12, 2026 in a Form 4 filed on January 12, 2026 (the "Prior Form"). The Prior Form reported the acquisition of 3,224 Class A shares and the disposition of 3,224 Class B shares pursuant to the conversion of shares on January 8, 2026. The correct amount of converted Class A shares and Class B shares on January 8, 2026 is 59,451 shares as reported herein. The transactions reporting conversions of Class A and Class B shares on January 9, 2026 and January 12, 2026 did not occur. Following the reported transactions and as of January 12, 2026, the reporting person holds 49,212 shares of Class A Common Stock and 63,130 shares of Class B Common Stock.

	/s/ James Bushnell, by power of attorney	04/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Netskope (NTSK) Chief Revenue Officer Raphael Bousquet report in this Form 4/A?

Raphael Bousquet reported a derivative conversion, swapping 59,451 Class B shares for 59,451 Class A shares of Netskope Inc. The transaction used code "C" for conversion, occurred on January 8, 2026, and involved no open-market buying or selling.

How many Netskope (NTSK) Class A and Class B shares does Raphael Bousquet hold after the conversion?

After the reported conversion, Raphael Bousquet directly holds 59,451 Class A Common shares and 63,130 Class B Common shares. These figures come from the post-transaction holdings reported for each security in the Form 4/A and reflect his direct ownership positions only.

Was there any open-market buying or selling in the Netskope (NTSK) Form 4/A transaction?

No open-market trades occurred in this filing. The Form 4/A shows a conversion of derivative securities (code "C") where Class B shares became Class A shares at a stated price of 0.0000 per share, with no recorded buys or sells in the transaction summary.

What does the 1:1 conversion between Netskope (NTSK) Class B and Class A stock mean?

The filing states each Class B Common Stock share is convertible into one Class A share at the holder’s option. It also notes Class B shares will automatically convert into Class A on a 1:1 basis on or prior to September 19, 2035, under Netskope’s charter.

How many Netskope (NTSK) shares were involved in the derivative conversion on January 8, 2026?

The conversion involved 59,451 shares of Netskope’s Class B Common Stock turning into 59,451 shares of Class A Common Stock. The same share count appears as both the derivative security converted and the underlying Class A shares acquired in the Form 4/A.

Does the Netskope (NTSK) Form 4/A indicate remaining convertible Class B shares for Raphael Bousquet?

Yes. After the transaction, the filing reports 63,130 Class B shares still directly held by Raphael Bousquet. Footnotes explain each Class B share remains convertible 1:1 into Class A and will automatically convert by September 19, 2035, per Netskope’s amended charter.