Netskope CFO exercises RSUs, shares withheld for tax
Netskope Inc Chief Financial Officer Andrew H. Del Matto reported routine equity compensation activity involving restricted stock units and related tax withholding.
Rhea-AI Filing Summary
Netskope Inc Chief Financial Officer Andrew H. Del Matto reported routine equity compensation activity involving restricted stock units and related tax withholding. On July 1, 2026, 15,625 Restricted Stock Units converted into 15,625 shares of Class B Common Stock, which are convertible into Class A Common Stock on a 1:1 basis.
To cover tax obligations from this vesting, 8,638 shares of Class B Common Stock were withheld at a price of $10.94 per share, described as a tax-withholding disposition. Following these transactions, Del Matto directly holds 317,888 shares of Class B Common Stock and 171,875 remaining RSUs, which vest in 11 equal quarterly installments beginning on October 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,250 shares exercised/converted
Exercise
3 txns
Insider
DEL MATTO ANDREW H
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,625 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 15,625 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 8,638 | $10.94 | $94K |
Holdings After Transaction:
Restricted Stock Units — 171,875 contracts (Direct);
Class B Common Stock — 317,888 contracts (Direct)
Footnotes (4)
- 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 remaining RSUs vest in 11 equal quarterly installments beginning on October 1, 2026.
- 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.
- F4. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
Key Figures
Shares withheld for tax: 8,638 shares at $10.94
RSUs converted: 15,625 RSUs
Exercises of derivatives: 31,250 shares
+5 more
8 metrics
Shares withheld for tax
8,638 shares at $10.94
Class B Common Stock withheld for tax on July 1, 2026
RSUs converted
15,625 RSUs
Converted into 15,625 shares of Class B Common Stock
Exercises of derivatives
31,250 shares
Total derivative exercise shares in this filing
Class B shares held
317,888 shares
Direct Class B Common Stock holdings after transactions
RSUs remaining
171,875 units
Restricted Stock Units outstanding after the reported vesting
Future RSU vesting schedule
11 quarterly installments
Equal installments beginning October 1, 2026
Class B to Class A conversion deadline
On or before September 19, 2035
Automatic 1:1 conversion of Class B into Class A
Conversion ratio
1:1
Class B Common Stock to Class A Common Stock
Key Terms
Restricted Stock Units, Class B Common Stock, Class A Common Stock, tax-withholding disposition, +2 more
6 terms
Restricted Stock Units financial
"The remaining RSUs vest in 11 equal quarterly installments beginning on October 1, 2026."
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder."
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
"Each share of Class B Common Stock is 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-withholding disposition financial
"The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Transaction code description: Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
convertible financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What insider transactions did Netskope (NTSK) CFO Andrew Del Matto report?
Netskope CFO Andrew Del Matto reported RSU vesting and related tax withholding, not open-market trades. 15,625 Restricted Stock Units converted into Class B Common Stock, and 8,638 shares were withheld to satisfy tax liabilities tied to the vesting event.
How many Netskope (NTSK) RSUs vested for the CFO in this transaction?
A total of 15,625 Restricted Stock Units vested and converted into 15,625 shares of Class B Common Stock. This conversion is recorded as a derivative exercise, moving compensation from units into actual equity while remaining part of routine equity awards.
What are Andrew Del Matto’s Netskope (NTSK) holdings after these transactions?
After the reported activity, Andrew Del Matto directly holds 317,888 shares of Netskope Class B Common Stock and 171,875 Restricted Stock Units. The remaining RSUs continue vesting over time, providing ongoing equity-based compensation exposure for the Chief Financial Officer.
When will the remaining Netskope (NTSK) RSUs for the CFO vest?
The remaining RSUs for Andrew Del Matto vest in 11 equal quarterly installments beginning on October 1, 2026. This schedule spreads the vesting over several years, aligning ongoing compensation with Netskope’s future performance and tenure milestones.
AI-generated analysis. How Rhea-AI works. Not financial advice.
