Sanjay Beri - 22 Dec 2025 Form 4 Insider Report for Netskope Inc (NTSK)

Signature
/s/ James Bushnell, by power of attorney
Issuer symbol
NTSK
Transactions as of
22 Dec 2025
Net transactions value
$0
Form type
4
Filing time
29 Dec 2025, 16:24:41 UTC
Previous filing
22 Sep 2025
Next filing
05 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Beri Sanjay CEO and Chairman, Director C/O NETSKOPE, INC., 2445 AUGUSTINE DRIVE, SUITE 301, SANTA CLARA /s/ James Bushnell, by power of attorney 29 Dec 2025 0002083367

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTSK Restricted Stock Units Options Exercise $0 -5,950,880 -66% $0.000000 3,077,448 22 Dec 2025 Class B Common Stock 5,950,880 Direct F1, F2, F3
transaction NTSK Restricted Stock Units Options Exercise $0 +5,950,880 $0.000000 5,950,880 22 Dec 2025 Class B Common Stock 5,950,880 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.