Netskope (NTSK) CRO racks up 250,000 RSUs as vesting triggers tax share withholding
Rhea-AI Filing Summary
Netskope Inc Chief Revenue Officer Raphael Bousquet reported compensation-related equity activity rather than open-market trading. On March 4, 2026, he received a grant of 250,000 Restricted Stock Units (RSUs) tied to Class A Common Stock.
On April 1, 2026, multiple RSU vestings and derivative exercises converted RSUs and Class B Common Stock into Class A Common Stock, reflecting 178,353 derivative shares exercised or converted in total. A separate entry shows 8,073 Class A shares withheld at $8.49 per share to cover tax liabilities from RSU vesting, not an open-market sale.
After these transactions, Bousquet directly holds 101,951 shares of Class A Common Stock and 63,130 shares of Class B Common Stock, while remaining RSUs continue to vest in quarterly installments beginning on July 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 51,378 shares
Net Buy
9 txns
Insider
Bousquet Raphael
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,201 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,125 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 28,125 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 59,451 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 59,451 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 59,451 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 8,073 | $8.49 | $69K |
| Grant/Award | Restricted Stock Units | 250,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 956,855 shares (Direct);
Class B Common Stock — 63,130 shares (Direct);
Class A Common Stock — 101,951 shares (Direct)
Footnotes (12)
- 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. Includes 1,361 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on February 27, 2026.
- F3. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
- F4. Each RSU represents a contingent right to receive one share of Issuer Class A Common Stock.
- F5. The RSUs vest in 16 equal quarterly installments beginning on July 1, 2026.
- F6. Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
- F7. The remaining RSUs vest in nine equal quarterly installments beginning on July 1, 2026.
- F8. The remaining RSUs vest in 10 equal quarterly installments beginning on July 1, 2026.
- F9. The remaining RSUs vest in 10 equal quarterly installments beginning on July 1, 2026.
- F10. The remaining RSUs vest in 12 equal quarterly installments beginning on July 1, 2026.
- F11. The remaining RSUs vest in 14 equal quarterly installments beginning on July 1, 2026.
- F12. 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
RSU grant: 250,000 RSUs
Derivative exercises/conversions: 178,353 shares
Tax withholding shares: 8,073 shares at $8.49
+3 more
6 metrics
RSU grant
250,000 RSUs
Grant on March 4, 2026 tied to Class A Common Stock
Derivative exercises/conversions
178,353 shares
Total derivative shares exercised or converted per transaction summary
Tax withholding shares
8,073 shares at $8.49
Class A shares withheld to satisfy RSU tax liability
Class A holdings after
101,951 shares
Direct Class A Common Stock held following April 1, 2026 transactions
Class B holdings after
63,130 shares
Direct Class B Common Stock held following April 1, 2026 conversion
ESPP acquisition
1,361 shares
Class A shares acquired under employee stock purchase plan on February 27, 2026
Key Terms
Restricted Stock Units, Class B Common Stock, Class A Common Stock, employee stock purchase plan, +2 more
6 terms
Restricted Stock Units financial
"The RSUs vest in 16 equal quarterly installments beginning on July 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 RSU represents a contingent right to receive one share of Issuer Class A Common Stock."
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.
employee stock purchase plan financial
"Includes 1,361 shares of Class A Common Stock 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.
tax liability financial
"The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs."
contingent right financial
"Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Netskope (NTSK) CRO Raphael Bousquet report in this Form 4?
Raphael Bousquet reported equity compensation activity, mainly RSU grants, vesting, and share conversions, not open-market trades. The filing shows new RSUs granted, existing RSUs vesting into Class A stock, and shares withheld to pay taxes tied to that vesting.
How many RSUs did Netskope (NTSK) grant to Raphael Bousquet?
Netskope granted Raphael Bousquet 250,000 RSUs on March 4, 2026. Each RSU represents a contingent right to receive one share of Class A Common Stock, vesting in 16 equal quarterly installments starting July 1, 2026, according to the filing footnotes.
How do Netskope (NTSK) RSUs for Raphael Bousquet vest over time?
The Form 4 footnotes state that certain RSUs vest in 16 equal quarterly installments beginning July 1, 2026. Other RSU grants vest over 9, 10, 12, or 14 quarterly installments, also starting on July 1, 2026, providing staggered vesting schedules.