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.