NTSK Form 4: 15,625 RSUs settled, Class B to A conversion at $0
Rhea-AI Filing Summary
Netskope, Inc. (NTSK) reported insider activity by its Chief Financial Officer on a Form 4 dated 10/01/2025. The filing shows the settlement of 15,625 restricted stock units (RSUs) into Class B Common Stock at $0 per unit, followed by the conversion of 15,625 shares of Class B into Class A Common Stock at $0. The company also withheld 8,451 shares to cover taxes related to the RSU vesting.
Following the reported transactions, the filing lists 218,750 derivative securities beneficially owned and 82,298 shares of Class A Common Stock beneficially owned. The RSUs are scheduled to vest in 14 equal quarterly installments beginning on January 1, 2026. Each share of Class B is convertible into Class A on a 1:1 basis, with automatic conversion on or prior to September 19, 2035 as provided in the company’s charter.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,625 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 15,625 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 8,451 | $0.00 | $0.00 |
Footnotes (5)
- F1. Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock.
- F2. The RSUs vest in 14 equal quarterly installments beginning on January 1, 2026.
- F3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
- F4. 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.
- F5. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.
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