Bousquet Raphael 4

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.