Netskope CRO Vests RSUs, Manages Tax Withholding

Netskope Inc Chief Revenue Officer Raphael Bousquet reported compensation-related equity activity.

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 170,103 shares of Class A Common Stock, alongside a separate Class B position that is convertible into Class A on a 1:1 basis.

Insights

Equity compensation analyst

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 Trade Summary

225,225 shares exercised/converted

Exercise 9 txns

Insider Bousquet Raphael

Role Chief Revenue Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,200	$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	Restricted Stock Units	15,625	$0.00	$0.00
Exercise	Class B Common Stock	75,075	$0.00	$0.00
Conversion	Class B Common Stock	75,075	$0.00	$0.00
Conversion	Class A Common Stock	75,075	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	6,923	$10.94	$76K

Holdings After Transaction: Restricted Stock Units — 881,780 contracts (Direct); Class B Common Stock — 63,130 contracts (Direct); Class A Common Stock — 170,103 shares (Direct)

Footnotes (9)

1. F1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
2. F2. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
3. F3. Each RSU represents a contingent right to receive one share of Class B Common Stock.
4. F4. The remaining RSUs vest in 7 equal quarterly installments beginning on October 1, 2026.
5. F5. The remaining RSUs vest in 9 equal quarterly installments beginning on October 1, 2026.
6. F6. The remaining RSUs vest in 11 equal quarterly installments beginning on October 1, 2026.
7. F7. The remaining RSUs vest in 13 equal quarterly installments beginning on October 1, 2026.
8. F8. The remaining RSUs vest in 15 equal quarterly installments beginning on October 1, 2026.
9. F9. 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

Tax-withheld shares: 6,923 shares Tax withholding price: $10.94/share Class A holdings after: 177,026 shares +3 more

6 metrics

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

Key Terms

Restricted Stock Units, Class B Common Stock, contingent right, tax liability, +1 more

5 terms

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."

FAQ

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

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.

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

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Accepted by SEC EDGAR 07/06/2026 - 01:07 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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)

	Director		10% Owner
X	Officer (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)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2026		C		75,075	A	(1)	177,026	D
Class A Common Stock	07/01/2026		F		6,923(2)	D	$10.94	170,103	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	07/01/2026		M			3,200	(4)	(4)	Class B Common Stock	3,200	$0	22,405	D
Restricted Stock Units	(3)	07/01/2026		M			25,000	(5)	(5)	Class B Common Stock	25,000	$0	225,000	D
Restricted Stock Units	(3)	07/01/2026		M			3,125	(6)	(6)	Class B Common Stock	3,125	$0	34,375	D
Restricted Stock Units	(3)	07/01/2026		M			28,125	(7)	(7)	Class B Common Stock	28,125	$0	365,625	D
Restricted Stock Units	(3)	07/01/2026		M			15,625	(8)	(8)	Class B Common Stock	15,625	$0	234,375	D
Class B Common Stock	(1)	07/01/2026		M		75,075		(1)	(9)	Class A Common Stock	75,075	$0	138,205	D
Class B Common Stock	(1)	07/01/2026		C			75,075	(1)	(9)	Class A Common Stock	75,075	$0	63,130	D

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 attorney	07/06/2026
	** Signature of Reporting Person	Date
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)