Form 4: Netskope CFO Sells Shares for Tax Obligations

Netskope's Chief Financial Officer, Andrew H. Del Matto, sold Class A Common Stock totaling 149,210 shares across three dates in late 2025 and early 2026 to cover tax obligations from RSU settlements.

Summary

• Andrew H. Del Matto, Netskope's Chief Financial Officer, reported multiple transactions involving the conversion of Class B Common Stock to Class A Common Stock and subsequent sales.
• On December 31, 2025, 33,387 shares of Class A Common Stock were sold at a weighted average price of $17.6722, with prices ranging from $17.48 to $17.88.
• On January 2, 2026, an additional 77,207 shares of Class A Common Stock were sold at a weighted average price of $16.9177, with prices ranging from $16.57 to $17.44.
• On January 5, 2026, 38,616 shares of Class A Common Stock were sold at a weighted average price of $17.3409, with prices ranging from $16.82 to $17.60.
• These sales, totaling 149,210 shares, were conducted to satisfy tax obligations in connection with the settlement of Restricted Stock Units (RSUs).
• Following these reported transactions, Mr. Del Matto beneficially owns 41,493 shares of Class A Common Stock directly.
• He also holds 278,279 derivative Class B Common Stock shares, which are convertible to Class A Common Stock on a 1:1 basis.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to RSU vesting and subsequent sales to cover tax obligations. This is a standard event and does not inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Positives

• The vesting of Restricted Stock Units (RSUs) represents a realized gain for the Chief Financial Officer.

Negatives

• No specific negatives are indicated beyond the routine sale of shares to cover tax liabilities, which is a common practice for RSU settlements.

Stakeholder Impact

• Shareholders: The sales represent a minor dilution of outstanding shares but are routine for tax purposes and unlikely to significantly impact share price or shareholder value.
• Employees: No direct impact on employees is indicated.
• Customers: No direct impact on customers is indicated.
• Suppliers: No direct impact on suppliers is indicated.
• Creditors: No direct impact on creditors is indicated.

Next Steps

• Remaining Restricted Stock Units (RSUs) will vest in 13 equal quarterly installments beginning on April 1, 2026.
• Class B Common Stock will automatically convert to Class A Common Stock on or prior to September 19, 2035.

Key Dates

Keywords

Netskope, NTSK, Form 4, insider trading, stock sale, RSU, restricted stock units, Class A Common Stock, Class B Common Stock, Chief Financial Officer, Andrew H. Del Matto, tax obligations