DEL MATTO ANDREW H 4
4 · Netskope Inc · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Netskope (NTSK) CFO Andrew Del Matto Exercises Options, Withholds Shares
What Happened
Andrew H. Del Matto, Chief Financial Officer of Netskope Inc. (NTSK), exercised/converted derivatives on April 1, 2026 that resulted in the acquisition of 165,625 shares of Class A common stock at a reported $0.00 per share (derivative exercise/conversion). The filing also shows two derivative disposals of 150,000 and 15,625 shares (each reported at $0.00). Separately, 83,128 shares were disposed/withheld at $8.49 per share to satisfy a payment of $705,757 (tax/exercise liability).
This activity reflects an exercise/conversion event with shares withheld to cover tax or exercise obligations — a routine insider transaction rather than an open-market buy or sale.
Key Details
- Transaction date: 2026-04-01
- Derivative exercise/conversion: 165,625 shares acquired at $0.00 (code M)
- Reported dispositions at $0.00: 150,000 shares and 15,625 shares (code M)
- Tax/exercise payment (withholding): 83,128 shares disposed at $8.49 = $705,757 (code F)
- Shares owned after transaction: Not specified in the provided filing excerpt
- Notable footnotes from the filing:
- F6: Shares were withheld to satisfy the reporting person's tax liability in connection with RSU vesting.
- F2/F5: Class B shares are convertible into Class A on a 1:1 basis (conversion mechanics noted).
- F1, F3, F4: Additional notes about ESPP shares acquired earlier and RSU vesting schedules.
- Filing timeliness: No late filing indicator provided in the excerpt.
Context
- Code explanations: M = exercise or conversion of derivatives (options/convertible shares); F = payment of exercise price or tax liability (withholding).
- The transaction appears to be a standard exercise/conversion with shares withheld to cover taxes/exercise costs (a common, non-market sale method). Such filings document insider remuneration events and tax/withholding mechanics rather than an open-market buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Restricted Stock Units
[F2][F3]2026-04-01−150,000→ 200,000 total→ Class B Common Stock (150,000 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-04-01−15,625→ 187,500 total→ Class B Common Stock (15,625 underlying) - Exercise/Conversion
Class B Common Stock
[F2][F5]2026-04-01+165,625→ 394,029 total→ Class A Common Stock (165,625 underlying) - Tax Payment
Class B Common Stock
[F2][F6][F5]2026-04-01$8.49/sh−83,128$705,757→ 310,901 total→ Class A Common Stock (83,128 underlying)
- 42,854
Class A Common Stock
[F1]
Footnotes (6)
- [F1]Includes 1,361 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on February 27, 2026.
- [F2]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
- [F3]The remaining restricted stock units, or RSUs, vest on April 1, 2027.
- [F4]The remaining RSUs vest in 12 equal quarterly installments beginning on June 1, 2026.
- [F5]The shares of Class B Common Stock automatically convert to shares of Class A Common Stock on a 1:1 basis on or prior to September 19, 2035 as set forth in the Issuer's amended and restated certificate of incorporation.
- [F6]The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs.