Bousquet Raphael 4

What Happened

• Raphael Bousquet, Chief Revenue Officer of Netskope (NTSK), had RSUs vest on July 1, 2026 that converted into 75,075 shares of Class B common stock. To satisfy tax withholding, 6,923 shares were withheld at $10.94/share, generating $75,738. Net newly issued shares to the reporting person after withholding were 68,152.
• The filings show zero exercise price on the derivative conversions, consistent with RSU vesting (no cash paid). Some technical entries record conversion/exercise and conversion of Class B shares; these are clerical steps tied to RSU settlement.

Key Details

• Transaction date: July 1, 2026. Withheld shares sold/retained to cover taxes at $10.94/share for $75,738.
• Shares reported acquired via RSU vesting: 75,075; shares withheld for taxes (disposed): 6,923; net shares received: 68,152.
• Footnotes: F2 = shares withheld to satisfy tax liability; F3 = each RSU equals one share of Class B common stock; F4–F8 describe remaining RSU vesting schedules; F9 = Class B shares convert 1:1 to Class A per charter (automatic by 9/19/2035).
• Shares owned after the transaction are not specified in the provided filing. The Form 4 was filed July 6, 2026 for a July 1 transaction (appears later than the typical two-business-day filing window).

Context

• This was an award/vesting event (routine compensation vesting), not an open-market purchase or an intentional sale for investment reasons. The tax-related disposition is common when RSUs vest and does not necessarily signal insider sentiment.