NETSCOUT Director Perretta Receives and Converts 7,000 RSUs

What Happened

• Christopher Perretta, a director of NETSCOUT Systems, had 7,000 restricted stock units (RSUs) recorded as an award/vesting on 09/09/2026 (price shown $0.00). The filing shows a conversion/exercise event on 09/10/2026 for 7,000 derivative units and a same‑day disposition of 7,000 shares. The Form 4 lists prices as N/A for the conversion/disposition and does not disclose cash proceeds.

Key Details

• Transaction dates: Award/vesting recorded 09/09/2026; conversion/exercise and same‑day disposition on 09/10/2026. Form 4 filed 09/11/2026 (appears timely).
• Counts and prices: 7,000 RSUs awarded/vested at $0.00; conversion/disposition 7,000 shares each with price listed as N/A; no dollar totals reported in the filing.
• Shares owned after transaction: Not specified in the filing.
• Notable footnotes: F1 confirms the shares were acquired upon vesting of previously granted RSUs. F3 describes vesting conditions for the RSUs (vesting tied to attendance requirements and continuous service; alternate vesting date 09/09/2029 if attendance requirement not met).
• Filing timeliness: Form 4 was filed two days after the report period and appears timely under Form 4 rules.

Context

• This sequence (RSU vest → conversion → same‑day disposition) is commonly seen when vested RSUs are converted to shares and then sold or withheld to satisfy tax withholding or other obligations; the filing itself does not state the reason for the disposition or the sale price. The transactions are reporting of compensation/settlement of derivatives rather than an open‑market purchase or sale indicating a trading opinion.