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Netskope (NTSK) CRO converts Class B to Class A and covers RSU taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Netskope Inc Chief Revenue Officer Raphael Bousquet reported compensation-related equity activity. On July 1, 2026, he acquired shares through derivative conversions and RSU vesting, including 75,075 Class B shares converting into the same number of Class A shares. A total of 6,923 Class A shares were withheld at $10.94 per share to cover tax liabilities. Following these transactions, he directly held 177,026 shares of Class A Common Stock, alongside a separate Class B position that is convertible into Class A on a 1:1 basis.

Positive

  • None.

Negative

  • None.

Insights

Routine RSU vesting and conversions with tax withholding, no open-market trading.

Raphael Bousquet’s Form 4 shows 0% open-market buying or selling. The activity centers on equity compensation: RSUs converted into Class B Common Stock, then Class B converting into Class A on a 1:1 basis, plus related tax withholding.

The filing notes 225,225 shares involved in derivative exercises and conversions and 6,923 Class A shares withheld at $10.94 for taxes. These are standard mechanics of stock-based pay. There is no disclosed Rule 10b5-1 trading plan, but the absence of market trades means limited signaling value.

Insider Bousquet Raphael
Role Chief Revenue Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 3,200 $0.00 --
Exercise Restricted Stock Units 25,000 $0.00 --
Exercise Restricted Stock Units 3,125 $0.00 --
Exercise Restricted Stock Units 28,125 $0.00 --
Exercise Restricted Stock Units 15,625 $0.00 --
Exercise Class B Common Stock 75,075 $0.00 --
Conversion Class B Common Stock 75,075 $0.00 --
Conversion Class A Common Stock 75,075 $0.00 --
Tax Withholding Class A Common Stock 6,923 $10.94 $76K
Holdings After Transaction: Restricted Stock Units — 22,405 shares (Direct, null); Class B Common Stock — 138,205 shares (Direct, null); Class A Common Stock — 177,026 shares (Direct, null)
Footnotes (1)
  1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs. Each RSU represents a contingent right to receive one share of Class B Common Stock. The remaining RSUs vest in 7 equal quarterly installments beginning on October 1, 2026. The remaining RSUs vest in 9 equal quarterly installments beginning on October 1, 2026. The remaining RSUs vest in 11 equal quarterly installments beginning on October 1, 2026. The remaining RSUs vest in 13 equal quarterly installments beginning on October 1, 2026. The remaining RSUs vest in 15 equal quarterly installments beginning on October 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.
Tax-withheld shares 6,923 shares Class A shares withheld at $10.94 to cover tax liability
Tax withholding price $10.94/share Value used for 6,923 Class A shares withheld for taxes
Class A holdings after 177,026 shares Direct Class A Common Stock held after July 1, 2026 transactions
Class B holdings after 138,205 shares Class B Common Stock held after derivative activity
Derivative exercises/conversions 225,225 shares Total shares involved in derivative exercises and conversions
Automatic conversion deadline September 19, 2035 Class B shares automatically convert into Class A on or prior to this date
Restricted Stock Units financial
"The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs."
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of Class B Common Stock."
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
"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."
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Form 4 Insider Transactions: What Each Field Means →
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*
Bousquet Raphael
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Revenue Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		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
Class A Common Stock07/01/2026C75,075A(1)177,026D
Class A Common Stock07/01/2026F6,923(2)D$10.94170,103D
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(3)07/01/2026M3,200 (4) (4)Class B Common Stock3,200$022,405D
Restricted Stock Units(3)07/01/2026M25,000 (5) (5)Class B Common Stock25,000$0225,000D
Restricted Stock Units(3)07/01/2026M3,125 (6) (6)Class B Common Stock3,125$034,375D
Restricted Stock Units(3)07/01/2026M28,125 (7) (7)Class B Common Stock28,125$0365,625D
Restricted Stock Units(3)07/01/2026M15,625 (8) (8)Class B Common Stock15,625$0234,375D
Class B Common Stock(1)07/01/2026M75,075 (1) (9)Class A Common Stock75,075$0138,205D
Class B Common Stock(1)07/01/2026C75,075 (1) (9)Class A Common Stock75,075$063,130D
Explanation of Responses:
1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
2. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
3. Each RSU represents a contingent right to receive one share of Class B Common Stock.
4. The remaining RSUs vest in 7 equal quarterly installments beginning on October 1, 2026.
5. The remaining RSUs vest in 9 equal quarterly installments beginning on October 1, 2026.
6. The remaining RSUs vest in 11 equal quarterly installments beginning on October 1, 2026.
7. The remaining RSUs vest in 13 equal quarterly installments beginning on October 1, 2026.
8. The remaining RSUs vest in 15 equal quarterly installments beginning on October 1, 2026.
9. 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.
/s/ James Bushnell, by power of attorney07/06/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Netskope (NTSK) CRO Raphael Bousquet report in this Form 4?

Raphael Bousquet reported RSU vesting and share conversions on July 1, 2026. He converted Class B into Class A Common Stock and had shares withheld to cover taxes, with no open-market purchases or sales disclosed in this filing.

How many Netskope shares were withheld for Raphael Bousquet’s taxes?

The filing shows 6,923 shares of Class A Common Stock were withheld to satisfy Raphael Bousquet’s tax liability. These shares were valued at $10.94 per share and relate to the vesting of Restricted Stock Units rather than an open-market sale.

How many Netskope Class A shares does Raphael Bousquet hold after the transactions?

After the reported activity, Raphael Bousquet directly holds 177,026 shares of Class A Common Stock. This balance reflects RSU-related acquisitions, conversions from Class B shares, and the deduction of 6,923 Class A shares withheld for tax obligations.

What is the relationship between Netskope Class A and Class B Common Stock?

Each share of Class B Common Stock converts into one Class A share at the holder’s option. Footnotes also state Class B shares automatically convert into Class A on a 1:1 basis on or before September 19, 2035, under Netskope’s charter.

How do Raphael Bousquet’s RSUs in Netskope (NTSK) work?

Each RSU represents a contingent right to receive one share of Class B Common Stock. Remaining RSUs from various grants vest in 7, 9, 11, 13, or 15 equal quarterly installments, each beginning on October 1, 2026, according to the footnotes.

Were there any open-market buys or sells by Netskope’s CRO in this filing?

No open-market trades are disclosed. The filing instead reports derivative exercises, RSU vesting, and tax-withholding dispositions. The tax event involved 6,923 Class A shares withheld at $10.94 per share, rather than a discretionary market sale.