Form 4: Netskope Executive Trades Class A and B Stock

Netskope Chief Revenue Officer Raphael Bousquet reports transactions involving Class A and Class B common stock, including the acquisition of restricted stock units.

Summary

• Raphael Bousquet, Chief Revenue Officer at Netskope Inc., has reported several transactions related to the company's Class A and Class B common stock.
• On March 4, 2026, Bousquet acquired 250,000 Restricted Stock Units (RSUs) which vest in 16 equal quarterly installments starting July 1, 2026.
• On April 1, 2026, Bousquet acquired 59,451 shares of Class A Common Stock and disposed of 59,451 shares of Class B Common Stock, with Class B shares being convertible into Class A shares.
• Also on April 1, 2026, 8,073 shares of Class A Common Stock were withheld to cover tax liabilities from vested RSUs.
• Further transactions on April 1, 2026, involved the acquisition of additional RSUs for Class B Common Stock, with varying vesting schedules.
• Class B Common Stock automatically converts to Class A Common Stock on a 1:1 basis by September 19, 2035.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine insider stock transactions and compensation-related events rather than significant financial performance or strategic shifts.

Positives

• Acquisition of 250,000 Restricted Stock Units (RSUs) indicates continued incentive and potential future ownership for the Chief Revenue Officer.
• The vesting schedule for RSUs, starting July 1, 2026, suggests a long-term commitment and alignment with company performance.
• The conversion of Class B to Class A common stock provides flexibility for the reporting person.

Negatives

• Withholding of 8,073 shares of Class A Common Stock to satisfy tax liabilities indicates a tax burden associated with vested RSUs.
• The disposal of Class B common stock, even if for conversion or tax purposes, represents a reduction in direct holdings of that class.

Risks

• The automatic conversion of Class B to Class A common stock by September 19, 2035, could impact the future share structure and ownership percentages.
• Vesting schedules for RSUs are subject to continued employment, meaning potential forfeiture if employment is terminated before vesting.

Future Outlook

The filing details the vesting schedules for Restricted Stock Units, with installments beginning on July 1, 2026, and the automatic conversion of Class B Common Stock to Class A Common Stock by September 19, 2035. These represent future potential changes in beneficial ownership.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The details provided by Netskope's Chief Revenue Officer are typical for executives receiving equity-based compensation, reflecting common incentive structures within the technology sector.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices and potential future dilution from RSU vesting and stock conversions, which are generally anticipated.
• Employees: The RSU grants indicate continued employee incentive programs, aligning executive interests with company performance.
• Management: The filing details the compensation structure and stock holdings of a key executive, providing transparency.

Next Steps

• Vesting of Restricted Stock Units commencing July 1, 2026.
• Automatic conversion of Class B Common Stock to Class A Common Stock on or prior to September 19, 2035.

Key Dates

Keywords

Form 4, Netskope Inc, NTSK, Raphael Bousquet, Class A Common Stock, Class B Common Stock, Restricted Stock Units, RSUs, Beneficial Ownership, Insider Trading, Stock Transactions, Chief Revenue Officer