Netskope Inc: CEO Sanjay Beri exercised 1,015,688 shares

What happened

• Sanjay Beri, CEO and chairman and a director, exercised or converted derivatives for a total of 1,015,688 shares on Oct 1, 2026. The filing shows two derivative disposals of 564,272 and 451,416 shares at $0.00 and one derivative acquisition of 1,015,688 shares at $0.00. Separately, 561,475 shares were withheld to satisfy tax liability at $17.44 per share for a total of $9,792,124.

Key details

• Transaction dates and prices: Oct 1, 2026 — derivative exercise/conversion lines at $0.00; tax withholding: 561,475 shares at $17.44 for $9,792,124.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing: F1 (each RSU equals one share), F2 (settlement of vested RSUs deferred until Oct 1, 2026), F3/F4 (remaining RSUs vest monthly/quarterly on stated schedules), F5/F6 (Class B shares convertible 1:1 to Class A), F7 (shares were withheld to satisfy tax liability), F8 (shares held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust, reporting person is trustee).
• Filing timeliness: not indicated as late in the information provided.

Why it may matter

• The filing reports a derivative exercise/conversion with shares withheld to cover tax liability, which is a tax-settled form of exercise rather than a straight market sale.
• This is an insider derivative transaction (exercise/conversion and tax withholding).
• This filing does not show why the insider traded or why the company acted.