Equity Administration

Netskope: Transitioning to a Public Stock Plan Platform

Learn how Netskope streamlined their IPO journey by migrating from a private equity plan platform to Morgan Stanley at Work’s public company equity plan platform.

When cybersecurity company Netskope went public in 2025, they wanted to migrate their 3,000+ global employees onto a public stock plan platform. After considering several options, Netskope selected Morgan Stanley at Work’s Equity Edge Online. The decision was bolstered by the fact that they would benefit from a deeply integrated collaboration between their existing provider Carta and Morgan Stanley at Work—creating a seamless bridge from private cap table management to public market execution.

Thinking Long Term

Going public can have a significant impact on a company’s stock plan. It was this understanding that sent Netskope in search of a public company platform that featured robust reporting capabilities to audit-ready reporting. They were looking for a provider who could deliver:
 

  • Advanced financial reporting functionality for a wide range of equity compensation vehicles.
  • Participant support focused on answering employee questions and equity education.
  • A breadth of capabilities spanning not only complex equity awards but also IPO readiness, global insights and implementation excellence.

 

After assessing different providers, Netskope’s team voted in favor of Equity Edge Online.

Equity Edge Online provided a level of reporting and granular customization we couldn’t get elsewhere. We all agreed it offered the best solution.
Chesca Meraz
Director, Global Equity Plan, Netskope

Delivering Insights, Resources and Tools

Another advantage of selecting Equity Edge Online was the collaboration between Morgan Stanley at Work and Carta, their existing private stock plan provider. Thanks to this relationship, the combined teams provided Netskope with:
 

  • Valuable insights: With ample experience supporting companies transitioning to the public market, the teams were able to share insights and real-world learnings with Netskope to address the company’s IPO-related questions and challenges.
  • Supportive resources: As Netskope worked to navigate the complexities of their stock plan transition, dedicated teams stood ready to help them with transaction readiness, executive support, implementation and more.
  • Timely implementation: Although switching providers can be complex, the pre-built technical integration between Morgan Stanley at Work and Carta allowed Netskope to directly sync historical data from Carta, keeping implementation timelines on track.

Efficiency, Support and Reporting

Although Netskope only recently transitioned to Equity Edge Online, they’ve already realized several benefits:

  1. 1
    ENHANCED EFFICIENCY

    By linking Equity Edge Online to their Workday HR table, Netskope has automated their payroll connection, enhancing the efficiency of their equity plan team.

  2. 2
    TAILORED SUPPORT

    Access to a dedicated service and support team has allowed employees to get answers to their equity-related questions without asking internal team members for help—freeing up the internal team’s time to focus on higher-value tasks.

  3. 3
    EXPANDED REPORTING

    Netskope now easily generates the financial reports they need to support their global operations, simplifying their administration of a variety of equity compensation vehicles.

The Morgan Stanley at Work onboarding team made our implementation seamless. They always responded rapidly to our feedback and made the entire process smooth sailing. They are magicians in my eyes.
Chesca Meraz
Director, Global Equity Plan, Netskope

Making it Easy to Scale

Transitioning from a private to a public company requires ample support and extends beyond transaction readiness to equity compensation guidance. That’s precisely what Netskope received by migrating to Morgan Stanley at Work with Carta’s support. With a proven transition framework, Netskope was able to streamline the IPO process and hit the ground running, confident that their stock plan platform was ready to handle the shift to operating as a public company.

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Disclosures:

PLEASE READ THE IMPORTANT DISCLOSURES BELOW.

Netskope is not affiliated with Morgan Stanley Smith Barney LLC.

E*TRADE Financial Corporate Services, Inc. is located at 3 Edison Drive, Alpharetta, GA 30005.

Employee stock plan solutions are offered by E*TRADE Financial Corporate Services, Inc., Solium Capital LLC, Solium Plan Managers LLC and Morgan Stanley Smith Barney LLC (“MSSB”), which are part of Morgan Stanley at Work.

Morgan Stanley at Work services and stock plan accounts are provided by wholly owned subsidiaries of Morgan Stanley. Morgan Stanley at Work stock plan accounts were previously referred to as Shareworks, StockPlan Connect or E*TRADE stock plan accounts, as applicable.

In connection with stock plan solutions offered by Morgan Stanley at Work, securities products and services are offered by MSSB, Member SIPC. E*TRADE from Morgan Stanley is a registered trademark of MSSB.

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