Netskope (NTSK) CEO nets Class B shares after major RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Netskope Inc CEO and Chairman Sanjay Beri reported RSU vesting and related share movements. On April 1, 2026, he exercised or settled derivative awards covering 564,270 and 451,417 Restricted Stock Units, each representing Class B Common Stock, plus 1,015,687 shares of Class B Common Stock linked to Class A Common Stock.
A total of 561,475 shares of Class B Common Stock were withheld at $8.49 per share to cover tax liabilities tied to the RSU vesting, rather than sold in the open market. After these transactions, Beri also reports indirect ownership of 22,288,889 shares of Class B Common Stock held by the 2012 Sanjay Beri and Ava Malla Revocable Trust, where he serves as trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,031,374 shares exercised/converted
Mixed
5 txns
Insider
Beri Sanjay
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 564,270 | $0.00 | -- |
| Exercise | Restricted Stock Units | 451,417 | $0.00 | -- |
| Exercise | Class B Common Stock | 1,015,687 | $0.00 | -- |
| Tax Withholding | Class B Common Stock | 561,475 | $8.49 | $4.77M |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,822,340 shares (Direct);
Class B Common Stock — 2,047,883 shares (Direct);
Class B Common Stock — 22,288,889 shares (Indirect, See footnote)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of Class B Common Stock. Settlement of the vested RSUs was deferred until April 1, 2026.. The remaining RSUs vest in 42 equal monthly installments beginning on April 19, 2026. The remaining RSUs vest in 15 equal quarterly installments beginning on July 1, 2026. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder. 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. The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs. The shares are held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust for which the reporting person serves as trustee.
Key Figures
RSUs settled (grant 1): 564,270 RSUs
RSUs settled (grant 2): 451,417 RSUs
Derivative shares exercised: 1,015,687 shares
+3 more
6 metrics
RSUs settled (grant 1)
564,270 RSUs
Each RSU represents one share of Class B Common Stock
RSUs settled (grant 2)
451,417 RSUs
Each RSU represents one share of Class B Common Stock
Derivative shares exercised
1,015,687 shares
Class B Common Stock underlying Class A Common Stock
Shares withheld for tax
561,475 shares
Class B Common Stock withheld at $8.49 per share
Tax withholding price
$8.49 per share
Price used to value shares withheld for tax liability
Indirect Class B holdings
22,288,889 shares
Held by 2012 Sanjay Beri and Ava Malla Revocable Trust
Key Terms
Restricted Stock Units, Class B Common Stock, Class A Common Stock, tax liability, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of Class B Common Stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"Class B Common Stock automatically convert to shares of Class A Common Stock on a 1:1 basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax liability financial
"The shares were withheld to satisfy the reporting person's tax liability in connection with the vesting of RSUs."
revocable trust financial
"The shares are held of record by the 2012 Sanjay Beri and Ava Malla Revocable Trust for which the reporting person serves as trustee."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
What did Netskope (NTSK) CEO Sanjay Beri report in this Form 4?
Sanjay Beri reported the vesting and settlement of several large RSU awards and related share movements. He exercised derivative awards into Class B Common Stock and had shares withheld for taxes, reflecting routine equity compensation activity rather than open-market stock trading.
How many Restricted Stock Units did the Netskope (NTSK) CEO settle?
He settled 564,270 and 451,417 Restricted Stock Units, each RSU representing one share of Class B Common Stock. These RSUs had previously vested, with settlement deferred until April 1, 2026, according to the accompanying footnote disclosures in the filing.
How will the remaining Netskope (NTSK) RSUs for the CEO vest over time?
Footnotes explain remaining RSUs vest in 42 equal monthly installments beginning April 19, 2026, and in 15 equal quarterly installments beginning July 1, 2026. This schedule outlines ongoing equity compensation vesting over several years for the CEO’s awards.