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Netskope Inc·4

Apr 3, 5:13 PM ET

Bousquet Raphael 4

4 · Netskope Inc · Filed Apr 3, 2026

Research Summary

AI-generated summary of this filing

Updated

Netskope (NTSK) CRO Raphael Bousquet Exercises, Converts & Sells Shares

What Happened
Raphael Bousquet, Chief Revenue Officer of Netskope (NTSK), reported a March 4, 2026 grant of 250,000 restricted stock units (RSUs). On April 1, 2026 he executed/converted a number of derivative awards into shares (reported as M/C transactions), and 8,073 shares were withheld/disposed to satisfy a tax liability at an effective per-share value of $8.49 (total value reported: $68,540). Most reported conversions/exercises show $0 proceeds (these are internal derivative settlements, not open-market cash sales).

Key Details

  • Primary dates: Grant on 2026-03-04; conversion/exercise and related transactions on 2026-04-01. Form filed 2026-04-03 (appears timely).
  • Grant: 250,000 RSUs awarded on 2026-03-04 (reported as a derivative award, code A).
  • Conversions/exercises (2026-04-01): multiple M and C entries reported — notable reported counts include conversions/settlements of 59,451 shares and other posted movements of 3,201; 25,000; 3,125; 28,125 shares (many reported at $0.00, indicating internal conversion/settlement).
  • Tax withholding: 8,073 shares were disposed to satisfy tax liability at $8.49 per share for a reported value of $68,540 (code F; footnote indicates shares were withheld to satisfy tax liability).
  • Monetary proceeds: The only cash value reported in the filing excerpt is the $68,540 related to tax withholding. Other derivative entries show $0 proceeds (not open-market sales).
  • Shares owned after the transactions: Not specified in the provided excerpt of the filing.
  • Relevant footnotes in the filing: RSUs represent contingent rights to shares (vesting schedules noted elsewhere in filing); withheld shares were used to satisfy tax obligations (footnote F3). The filing also includes notes on share class conversion mechanics (Class B → Class A conversion terms).

Context

  • These were largely derivative/RSU transactions (codes A, M, C, F). Zero-dollar entries typically indicate conversion/settlement of awards rather than public market sales. The withholding of 8,073 shares to cover taxes is routine for vested awards and should not be interpreted as an opportunistic market sale.
  • No 10b5-1 plan, gift, or late-filing flag is indicated in the provided details. The filing date (Apr 3) follows the reported Apr 1 transactions and appears timely.

Insider Transaction Report

Form 4
Period: 2026-03-04
Netskope IncNTSK
Bousquet Raphael
Chief Revenue Officer
Transactions
  • Conversion

    Class A Common Stock

    [F1][F2]
    2026-04-01+59,451→ 110,024 total
  • Tax Payment

    Class A Common Stock

    [F3]
    2026-04-01$8.49/sh−8,073$68,540→ 101,951 total
  • Award

    Restricted Stock Units

    [F4][F5]
    2026-03-04+250,000→ 250,000 total
    → Class A Common Stock (250,000 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F7]
    2026-04-01−3,201→ 25,605 total
    → Class B Common Stock (3,201 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F8][F9]
    2026-04-01−25,000→ 250,000 total
    → Class B Common Stock (25,000 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F10]
    2026-04-01−3,125→ 37,500 total
    → Class B Common Stock (3,125 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F6][F11]
    2026-04-01−28,125→ 393,750 total
    → Class B Common Stock (28,125 underlying)
  • Exercise/Conversion

    Class B Common Stock

    [F1][F12]
    2026-04-01+59,451→ 122,581 total
    → Class A Common Stock (59,451 underlying)
  • Conversion

    Class B Common Stock

    [F1][F12]
    2026-04-01−59,451→ 63,130 total
    → Class A Common Stock (59,451 underlying)
Footnotes (12)
  • [F1]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
  • [F10]The remaining RSUs vest in 12 equal quarterly installments beginning on July 1, 2026.
  • [F11]The remaining RSUs vest in 14 equal quarterly installments beginning on July 1, 2026.
  • [F12]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.
  • [F2]Includes 1,361 shares of Class A Common Stock acquired under the Issuer's employee stock purchase plan on February 27, 2026.
  • [F3]The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of restricted stock units, or RSUs.
  • [F4]Each RSU represents a contingent right to receive one share of Issuer Class A Common Stock.
  • [F5]The RSUs vest in 16 equal quarterly installments beginning on July 1, 2026.
  • [F6]Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
  • [F7]The remaining RSUs vest in nine equal quarterly installments beginning on July 1, 2026.
  • [F8]The remaining RSUs vest in 10 equal quarterly installments beginning on July 1, 2026.
  • [F9]The remaining RSUs vest in 10 equal quarterly installments beginning on July 1, 2026.
Signature
/s/ James Bushnell, by power of attorney|2026-04-03

Documents

1 file
  • 4
    form4-04032026_090412.xmlPrimary