DEL MATTO ANDREW H 4

What Happened

• Andrew H. Del Matto, CFO of Netskope (NTSK), had 15,625 derivative awards convert into Class A common stock on July 1, 2026. The conversion was recorded at $0.00 per share (no cash paid). To cover tax withholding in connection with the vesting, 8,638 shares were surrendered/withheld at $10.94 per share, equal to $94,500.
• Effectively, 15,625 Class B/RSU-related units were converted to Class A shares on a 1:1 basis and a portion (8,638) was withheld to satisfy tax obligations, leaving a net of 6,987 newly issued shares to the insider (15,625 − 8,638 = 6,987).

Key Details

• Transaction date: July 1, 2026 (reported on Form 4 filed July 6, 2026). Filing appears timely given the July 4 holiday timing.
• Prices and values: conversion at $0.00; 8,638 shares withheld at $10.94 each = $94,500 withheld for taxes.
• Shares owned after transaction: Not specified in the filing provided.
• Relevant footnotes: Class B shares are convertible 1:1 into Class A (F1, F3). The 8,638 shares were withheld specifically to satisfy tax liability from RSU vesting (F4).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (here, tax withholding).

Context

• This was not an open‑market sale or purchase. It reflects awards/derivative conversion and routine tax withholding upon RSU vesting (a common administrative/cashless settlement), not a directional buy/sell signal.
• For retail investors, these kinds of filings typically indicate executive compensation vesting rather than a discretionary purchase or liquidation.