Netskope (NTSK) ICONIQ Strategic Partners II Distributes 5.5M Shares

What Happened

• ICONIQ Strategic Partners II, L.P. (a >10% owner) and ICONIQ Strategic Partners II‑B, L.P. distributed a total of 5,500,000 shares of Netskope Class A common stock on September 16, 2026. ICONIQ II distributed 3,085,037 shares and ICONIQ II‑B distributed 2,414,963 shares. The distributions were made for no consideration (no sale proceeds) and ICONIQ GP II then distributed any shares it received to its partners. Transaction code reported: J (other acquisition/disposition).

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (appears timely).
• Shares disposed: 3,085,037 (ICONIQ II) and 2,414,963 (ICONIQ II‑B); aggregate = 5,500,000 shares.
• Price / value: N/A — distributions were for no consideration (not open‑market sales).
• Shares owned after transaction: not specified for the reporting partnership in the Form 4.
• Notable footnotes: distributions were made under exemptions in Rules 16a‑13 and 16a‑9 of the Exchange Act; ICONIQ GP II and related parent/general partner entities disclaim beneficial ownership except for any pecuniary interest. Specific principals: Divesh Makan holds 583,557 of the distributed shares via trusts (disclaimed), and Matthew Jacobson holds 171,688 via a trust (disclaimed).
• Filing timeliness: Report covers 9/16/2026 transactions and was filed 9/18/2026 — no late filing indicated.

Context

• These were internal institutional distributions to limited partners (transfers for no consideration), not open‑market sales or insider purchases. Such distributions are administrative/ownership transfers and do not necessarily reflect the institution’s view of the company’s stock. Reporting entities and certain individuals disclaim beneficial ownership except for any pecuniary interest.