Griffith William J.G. 4
Research Summary
AI-generated summary
Netskope (NTSK) 10% Owner William Griffith Buys Stock & Receives RSUs
What Happened
- William J.G. Griffith, reported as a 10% owner of Netskope Inc. (NTSK), made an open-market purchase of 610,291 Class A shares on July 8, 2026 at a weighted-average price of $11.82 per share, totaling approximately $7,216,081. On the same date he was also granted 16,778 restricted stock units (RSUs) (no cash price) that represent contingent rights to receive the issuer's Class A common stock. The purchase is a buy (acquisition) rather than a sale.
Key Details
- Transaction date: July 8, 2026; Form 4 filed July 10, 2026 (within the two-business-day window).
- Purchase: 610,291 shares, weighted-average price $11.82; total ≈ $7,216,081. Price per share ranged from $11.595 to $11.94 (multiple trades; weighted avg reported).
- Award: 16,778 RSUs granted (derivative award, Code A); reported acquisition value $0 on grant.
- RSU vesting: earliest of July 8, 2027 or the issuer’s next annual meeting of stockholders.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: filing discloses complex ICONIQ partnership/GP relationships and states the Reporting Person disclaims beneficial ownership of certain securities except to the extent of any pecuniary interest; proceeds from any sale of shares issued on RSU settlement will be transferred to ICONIQ Capital, LLC.
Context
- The open-market buy is a straightforward purchase (often viewed as a positive signal because insiders are acquiring stock), while the RSUs are a standard equity award that vests in the future and are derivative in nature (each RSU converts to one share upon settlement).
- Because the Reporting Person is a 10% owner and connected to ICONIQ entities (per footnotes), some disclosures include disclaimers about beneficial ownership — this is institutional/affiliate reporting rather than a routine employee stock sale.