4/A: Netskope Executive Corrects Stock Transaction Reporting

Netskope's Chief Revenue Officer, Raphael Bousquet, filed an amendment to a prior Form 4 to correct the reporting of stock conversions, adjusting the number of Class A and Class B shares involved.

Summary

• Raphael Bousquet, Chief Revenue Officer at Netskope Inc., has filed an amended Form 4 to correct previous reporting errors concerning stock transactions.
• The amendment specifically addresses the conversion of Class A and Class B Common Stock that occurred on January 8, 2026.
• The original filing incorrectly reported 3,224 Class A shares acquired and 3,224 Class B shares disposed of for this date.
• The corrected filing states that 59,451 Class A shares were acquired and 59,451 Class B shares were disposed of on January 8, 2026, due to conversions.
• Transactions reported for January 9, 2026, and January 12, 2026, were found to be erroneous and did not occur.
• As of January 12, 2026, following these corrected transactions, Bousquet beneficially owns 49,212 shares of Class A Common Stock and 63,130 shares of Class B Common Stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily an administrative correction of previously reported stock transactions by an executive, with no new financial or strategic information.

Positives

• The company has demonstrated a commitment to accurate financial reporting through the prompt filing of an amendment to correct errors.
• The correction clarifies the precise number of shares held by a key executive, providing greater transparency.
• Class B Common Stock is convertible into Class A Common Stock, offering flexibility to the holder.

Negatives

• Initial reporting of stock transactions contained inaccuracies, requiring an amendment.
• The amendment indicates that some reported transactions on January 9 and January 12, 2026, did not actually occur.

Risks

• Potential for confusion or misinterpretation by investors due to initial reporting errors.
• The existence of Class B shares with automatic conversion provisions introduces a future event that will alter the capital structure.

Future Outlook

Class B Common Stock is set to automatically convert into Class A Common Stock on a 1:1 basis on or prior to September 19, 2035, as per the Issuer's amended and restated certificate of incorporation.

Management Comments

• This amendment on Form 4 is filed to correct the conversions of Class A and Class B shares of Common Stock reported on January 8, 2026, January 9, 2026 and January 12, 2026 in a Form 4 filed on January 12, 2026 (the "Prior Form").
• The Prior Form reported the acquisition of 3,224 Class A shares and the disposition of 3,224 Class B shares pursuant to the conversion of shares on January 8, 2026.
• The correct amount of converted Class A shares and Class B shares on January 8, 2026 is 59,451 shares as reported herein.
• The transactions reporting conversions of Class A and Class B shares on January 9, 2026 and January 12, 2026 did not occur.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard for insider transactions and amendments are common to correct reporting errors, indicating a procedural correction rather than a change in underlying business performance.

Stakeholder Impact

• Shareholders benefit from increased accuracy in reporting beneficial ownership of company stock.
• Investors and analysts will have a clearer picture of executive stock holdings following the correction.

Next Steps

• Ensure all future stock transaction reporting is accurate and timely.
• The Class B Common Stock will automatically convert to Class A Common Stock by September 19, 2035.

Key Dates

Keywords

Form 4, SEC Filing, Netskope Inc, NTSK, Raphael Bousquet, Stock Transaction, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Stock Conversion, Insider Trading, Amendment