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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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 Trade Summary
| 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 | -- | -- | -- |
Footnotes (8)
- F1. Each RSU represents a contingent right to receive one share of Class B Common Stock.
- F2. Settlement of the vested RSUs was deferred until October 1, 2026.
- F3. The remaining RSUs vest in 36 equal monthly installments beginning on October 19, 2026.
- F4. The remaining RSUs vest in 13 equal quarterly installments beginning on January 1, 2027.
- F5. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
- 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.
- F7. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
- 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.
Key Figures
Key Terms
Restricted Stock Units financial
deferred financial
automatically convert technical
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