Netskope (NTSK) CFO exercises 331,250 RSU-linked shares and withholds stock for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Netskope Inc Chief Financial Officer Andrew H. Del Matto reported compensation-related equity activity involving restricted stock units and company stock. On April 1, 2026, he exercised or converted derivative securities covering 331,250 shares, including RSUs and Class B Common Stock, at a stated conversion price of $0.00 per share.
A portion of the resulting Class B Common Stock, 83,128 shares valued at $8.49 per share, was withheld to cover tax liabilities linked to RSU vesting. After these transactions, he directly held 310,901 shares of Class B Common Stock and 42,854 shares of Class A Common Stock. Footnotes indicate remaining RSUs are scheduled to vest through April 1, 2027 and in 12 equal quarterly installments beginning on June 1, 2026, and that each Class B share is or will be convertible into one Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
331,250 shares exercised/converted
Mixed
5 txns
Insider
DEL MATTO ANDREW H
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 150,000 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,625 | $0.00 | -- |
| Exercise | Class B Common Stock | 165,625 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 83,128 | $8.49 | $706K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 200,000 shares (Direct);
Class B Common Stock — 394,029 shares (Direct);
Class A Common Stock — 42,854 shares (Direct)
Footnotes (1)
- Includes 1,361 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on February 27, 2026. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. The remaining restricted stock units, or RSUs, vest on April 1, 2027. The remaining RSUs vest in 12 equal quarterly installments beginning on June 1, 2026. 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. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
Key Figures
Derivative exercises: 331,250 shares
Tax-withheld shares: 83,128 shares at $8.49
Class B holdings after transactions: 310,901 shares
+3 more
6 metrics
Derivative exercises
331,250 shares
Total underlying shares from M-code derivative exercises on April 1, 2026
Tax-withheld shares
83,128 shares at $8.49
Class B Common Stock withheld to satisfy tax liability on RSU vesting
Class B holdings after transactions
310,901 shares
Direct Class B Common Stock position following April 1, 2026 activity
Class A holdings after transactions
42,854 shares
Direct Class A Common Stock position reported after transactions
ESPP acquisition
1,361 shares
Class A Common Stock acquired under employee stock purchase plan on February 27, 2026
Automatic Class B conversion deadline
on or prior to September 19, 2035
Class B shares automatically convert to Class A on 1:1 basis by this date
Key Terms
Restricted Stock Units, employee stock purchase plan, Class B Common Stock, Class A Common Stock, +2 more
6 terms
Restricted Stock Units financial
"The remaining restricted stock units, or RSUs, vest on April 1, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
employee stock purchase plan financial
"acquired under the Issuer's employee stock purchase plan on February 27, 2026."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
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
"convertible into one share of Class A Common Stock at the option of the holder."
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.
tax liability financial
"The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs."
automatic conversion financial
"automatically convert to shares of Class A Common Stock on a 1:1 basis on or prior to September 19, 2035"
FAQ
What insider transactions did Netskope (NTSK) CFO Andrew Del Matto report?
Netskope CFO Andrew Del Matto reported exercising or converting derivative securities for 331,250 shares on April 1, 2026. These included restricted stock units and Class B Common Stock, with part of the resulting shares withheld to cover tax obligations from RSU vesting.
What are Andrew Del Matto’s reported holdings after these Netskope (NTSK) transactions?
After the reported transactions, Andrew Del Matto directly held 310,901 shares of Class B Common Stock and 42,854 shares of Class A Common Stock. These totals reflect both the derivative exercises and the shares withheld to cover tax obligations related to RSU vesting.
What does the Netskope (NTSK) filing say about future RSU vesting for the CFO?
The filing notes remaining restricted stock units vest on April 1, 2027 and in 12 equal quarterly installments beginning June 1, 2026. These schedules describe future equity vesting for the CFO, separate from the RSUs that were already exercised or converted in this report.
Did Netskope (NTSK) CFO’s transactions involve the employee stock purchase plan?
A footnote states that 1,361 shares of Class A Common Stock were acquired under Netskope’s employee stock purchase plan on February 27, 2026. This is presented as part of his holdings disclosure rather than as a new open-market purchase in the reported transactions.