Netskope (NTSK) director converts 1.42M Class B shares into Class A stock
Rhea-AI Filing Summary
Netskope Inc director Enrique T. Salem reported conversions of Class B Common Stock into Class A Common Stock. On December 9, 2025, he converted 1,220,562 shares of Class B into an equal number of Class A shares, a non-cash derivative conversion at a stated price of $0.00 per share.
On December 3, 2025, an additional 200,000 Class B shares held indirectly through The Enrique Salem 2017 Grantor Retained Annuity Trust, for which he serves as trustee, were similarly converted into 200,000 Class A shares. Each Class B share is convertible into one Class A share at the holder’s option, and the Class B shares automatically convert into Class A on a 1:1 basis on or prior to September 19, 2035 under Netskope’s amended and restated certificate of incorporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,420,562 shares
Net Buy
4 txns
Insider
Salem Enrique T
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,220,562 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 1,220,562 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 200,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 200,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 0 shares (Indirect, See footnote);
Class B Common Stock — 0 shares (Direct);
Class A Common Stock — 200,000 shares (Indirect, See footnote);
Class A Common Stock — 1,220,562 shares (Direct)
Footnotes (3)
- F1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
- F2. The shares are held of record by The Enrique Salem 2017 Grantor Retained Annuity Trust for which the reporting person serves as trustee.
- F3. 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
Direct Class B to Class A conversion: 1,220,562 shares
Indirect Class B to Class A conversion: 200,000 shares
Total shares converted: 1,420,562 shares
+5 more
8 metrics
Direct Class B to Class A conversion
1,220,562 shares
Converted on December 9, 2025 into Class A Common Stock
Indirect Class B to Class A conversion
200,000 shares
Converted on December 3, 2025 via 2017 Grantor Retained Annuity Trust
Total shares converted
1,420,562 shares
Aggregate Class B to Class A conversions reported in this Form 4
Conversion ratio
1:1
Each Class B Common Stock share convertible into one Class A share
Automatic conversion deadline
September 19, 2035
Class B shares automatically convert into Class A on or prior to this date
Price per share for conversions
$0.00 per share
Stated transaction price for reported Class B to Class A conversions
Shares held after direct conversion
1,220,562 shares
Direct Class A Common Stock holdings following December 9, 2025 conversion
Indirect Class A holdings after conversion
200,000 shares
Indirect Class A Common Stock held through 2017 GRAT after December 3, 2025 conversion
Key Terms
Class B Common Stock, Class A Common Stock, Grantor Retained Annuity Trust, 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"
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
"convertible into one share of Class A Common Stock at the option"
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.
Grantor Retained Annuity Trust financial
"The shares are held of record by The Enrique Salem 2017 Grantor Retained Annuity Trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
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.
automatic conversion financial
"The shares of Class B Common Stock automatically convert to shares of Class A"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Netskope (NTSK) report for Enrique T. Salem?
Netskope reported that director Enrique T. Salem converted Class B Common Stock into Class A Common Stock. He converted 1,220,562 shares directly and 200,000 shares indirectly held by a 2017 Grantor Retained Annuity Trust, with no open-market purchases or sales disclosed.
What is the relationship between Netskope (NTSK) Class B and Class A Common Stock?
Each share of Netskope Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. Footnotes also state that Class B shares automatically convert into Class A on a 1:1 basis on or prior to September 19, 2035.
How are Enrique Salem’s indirect Netskope (NTSK) holdings structured?
Part of Salem’s position is held indirectly through The Enrique Salem 2017 Grantor Retained Annuity Trust. The Form 4 notes that the 200,000 Class B shares converted on December 3, 2025 were held of record by this trust, for which he serves as trustee.