Netskope Inc · Exercise / conversion · Restricted Stock Units

What does this filing report?

An SEC Form 4 filing for Netskope Inc records an exercise / conversion involving Restricted Stock Units on December 22, 2025. The reported quantity was 5,950,880. The filing date is December 29, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Derivative terms

Underlying security

Class B Common Stock

Underlying quantity

5,950,880

Conversion / exercise price

Not reported

Exercise date

Not reported

Expiration date

Not reported

Filing footnotes & remarks

F1

Each performance-based RSU, or PSU, represents a contingent right to receive one share of Class B Common Stock.

F2

The PSUs vested upon satisfaction of certain market capitalization milestones and continued employment of the reporting person through such date. Settlement of the vested PSUs is deferred until December 31, 2025.

F3

The PSUs require the satisfaction of three vesting requirements in order for the PSUs to vest. The liquidity event requirement was satisfied upon the closing of the Issuer's initial public offering (the "IPO"). The service condition is satisfied in 48 equal monthly installments beginning on September 19, 2025. The market condition is satisfied upon the Issuer's achievement of certain market capitalization milestones: 1/3 of the PSUs vest upon the Issuer's achievement of each of a $10 billion market capitalization, $12.5 billion market capitalization, and $15 billion market capitalization. Market capitalization will be measured as of the closing of the IPO and as of each monthly anniversary thereafter based on the highest 60-day trading average per share ending during the applicable month, as reasonably determined by the Issuer's board of directors or board committee, and determined on a prorated basis if the market capitalization is between any two market capitalization milestones.

F4

Each restricted stock unit, or RSU, represents a contingent right to receive one share of Class B Common Stock.

F5

The remaining RSUs vest in 45 equal monthly installments beginning on January 19, 2026.

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.