Netskope (NTSK) CRO details RSU vesting, Class B–A conversions and sales
Rhea-AI Filing Summary
Netskope Inc. insider Raphael Bousquet, the Chief Revenue Officer, reported multiple equity transactions involving restricted stock units (RSUs) and share conversions. On January 8, 2026, RSUs covering 3,201, 25,000, 3,125, and 28,125 shares became deliverable at an exercise price of $0, relating to Netskope Class B and Class A Common Stock. Each RSU represents a right to receive one share of Class B Common Stock.
On January 8, 9, and 12, 2026, Bousquet converted 3,224, 3,192, and 3,823 shares of Class B Common Stock into the same number of Class A shares, then sold those Class A shares at weighted average prices of $16.9745, $16.3817, and $16.6572. The filing states these sales were made to satisfy tax obligations from RSU settlements. Remaining RSUs vest in 9, 11, 13, and 15 equal quarterly installments beginning on April 1, 2026, and Class B shares are convertible into Class A on a 1:1 basis, automatically by September 19, 2035.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 3,823 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,823 | $0.00 | -- |
| Sale | Class A Common Stock | 3,823 | $16.6572 | $64K |
| Conversion | Class B Common Stock | 3,192 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,192 | $0.00 | -- |
| Sale | Class A Common Stock | 3,192 | $16.3817 | $52K |
| Exercise | Restricted Stock Units | 3,201 | $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 | Class B Common Stock | 59,451 | $0.00 | -- |
| Conversion | Class B Common Stock | 3,224 | $0.00 | -- |
| Conversion | Class A Common Stock | 3,224 | $0.00 | -- |
| Sale | Class A Common Stock | 3,224 | $16.9745 | $55K |
Footnotes (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 reported shares were sold to satisfy the reporting person's tax obligations in connection with the settlement of restricted stock units, or RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.58 to $17.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (3), (4) and (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.995 to $16.55, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.44 to $17.08, inclusive. Each restricted stock unit, or RSU, represents a contingent right to receive one share of Issuer Class B Common Stock. Settlement of the vested RSUs was deferred until January 8, 2026. The remaining RSUs vest in nine equal quarterly installments beginning on April 1, 2026. The remaining RSUs vest in 11 equal quarterly installments beginning on April 1, 2026. The remaining RSUs vest in 13 equal quarterly installments beginning on April 1, 2026. The remaining RSUs vest in 15 equal quarterly installments beginning on April 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.
FAQ
What insider activity did Netskope (NTSK) report for Raphael Bousquet?
The filing shows Chief Revenue Officer Raphael Bousquet had RSUs settle on January 8, 2026 and converted Class B Common Stock into Class A Common Stock on January 8, 9, and 12, 2026, followed by sales of the resulting Class A shares.
What RSU grants for Netskope (NTSK) are described in this filing?
The filing describes RSUs covering 3,201, 25,000, 3,125, and 28,125 shares that settled on January 8, 2026. Each RSU represents a contingent right to receive one share of Netskope Class B Common Stock.
What is the vesting schedule for Raphael Bousquet’s remaining Netskope RSUs?
The remaining RSUs vest in nine, 11, 13, and 15 equal quarterly installments, each schedule beginning on April 1, 2026, as specified in the individual RSU footnotes.