STOCK TITAN

Netskope CEO Sanjay Beri converts 1.02M shares

A revocable trust for which Beri serves as trustee held 22,288,889 Class B shares on October 1, 2026.

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Form Type
4

Rhea-AI Filing Summary

Netskope Inc (NTSK) CEO and Chairman Sanjay Beri reported transactions on October 1, 2026, including acquisition of 1,015,688 Class A shares through conversion of Class B common stock. The records also report dispositions of 564,272 and 451,416 restricted stock units, and withholding of 561,475 Class B shares at $17.44 per share for tax liability arising from RSU vesting. Class B shares are convertible into Class A shares one-for-one at the holder’s option.

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Insider Beri Sanjay
Role CEO and Chairman
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F2, F3 564,272 $0.00 $0.00
Exercise Restricted Stock Units F1, F4 451,416 $0.00 $0.00
Exercise Class B Common Stock F5, F6 1,015,688 $0.00 $0.00
Tax Withholding Class B Common Stock F5, F7, F6 561,475 $17.44 $9.79M
holding Class B Common Stock F5, F6, F8 -- -- --
Holdings After Transaction: Restricted Stock Units — 9,562,212 contracts (Direct); Class B Common Stock — 2,394,833 contracts (Direct); Class B Common Stock — 22,288,889 contracts (Indirect, See footnote)
Footnotes (8)
  1. F1. Each RSU represents a contingent right to receive one share of Class B Common Stock.
  2. F2. Settlement of the vested RSUs was deferred until October 1, 2026.
  3. F3. The remaining RSUs vest in 36 equal monthly installments beginning on October 19, 2026.
  4. F4. The remaining RSUs vest in 13 equal quarterly installments beginning on January 1, 2027.
  5. F5. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
  6. F6. 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.
  7. F7. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
  8. F8. The shares are held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust for which the reporting person serves as trustee.
Restricted stock units disposed 564,272 units Transaction dated October 1, 2026
Restricted stock units disposed 451,416 units Transaction dated October 1, 2026
Class A shares acquired 1,015,688 shares Through conversion of Class B common stock on October 1, 2026
Class B shares withheld 561,475 shares For tax liability in connection with RSU vesting
Reported price per share $17.44 per share Shares withheld for tax liability
Class B shares held by trust 22,288,889 shares Held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust on October 1, 2026
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share"
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.
deferred financial
"Settlement of the vested RSUs was deferred"
automatically convert technical
"automatically convert to shares of Class A Common Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Class A shares did NTSK CEO Sanjay Beri acquire?

The October 1, 2026 transaction reports acquisition of 1,015,688 Class A shares through conversion of Class B common stock. Class B shares are convertible into Class A shares on a one-for-one basis at the holder’s option.

How many NTSK shares were withheld for Sanjay Beri’s RSU taxes?

561,475 Class B shares were withheld to satisfy the reporting person’s tax liability in connection with RSU vesting, at a reported price of $17.44 per share. The transaction was dated October 1, 2026.

What shares did Sanjay Beri hold through a trust?

The 2012 Sanjay Beri and Ava Malla Revocable Trust held 22,288,889 Class B shares of record on October 1, 2026; Beri serves as trustee. Each Class B share is convertible into one Class A share at the holder’s option.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
Beri Sanjay

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO and Chairman
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)10/01/2026M(2)564,272 (3) (3)Class B Common Stock564,272$03,693,798D
Restricted Stock Units(1)10/01/2026M451,416 (4) (4)Class B Common Stock451,416$05,868,414D
Class B Common Stock(5)10/01/2026M1,015,688 (5) (6)Class A Common Stock1,015,688$02,956,308D
Class B Common Stock(5)10/01/2026F561,475(7) (5) (6)Class A Common Stock561,475$17.442,394,833D
Class B Common Stock(5) (5) (6)Class A Common Stock22,288,88922,288,889ISee footnote(8)
Explanation of Responses:
1. Each RSU represents a contingent right to receive one share of Class B Common Stock.
2. Settlement of the vested RSUs was deferred until October 1, 2026.
3. The remaining RSUs vest in 36 equal monthly installments beginning on October 19, 2026.
4. The remaining RSUs vest in 13 equal quarterly installments beginning on January 1, 2027.
5. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
6. 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.
7. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
8. The shares are held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust for which the reporting person serves as trustee.
/s/ James Bushnell, by power of attorney10/02/2026
** Signature of Reporting PersonDate
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)

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