Netskope (NTSK) 10% Owner William Griffith Disposes 5.5M Shares

What Happened
William J.G. Griffith (reported as a 10% owner) reported the disposition/transfer of 3,085,037 Class A shares and 2,414,963 Class A shares of Netskope (total 5,500,000 shares) on September 16, 2026. The transactions were distributions from ICONIQ Strategic Partners II and ICONIQ Strategic Partners II‑B (and related general partner distributions) made for no consideration; no per‑share price or sale proceeds are reported on the Form 4.

Key Details

• Transaction date: September 16, 2026; Form 4 filed September 18, 2026 (appears timely).
• Reported price / proceeds: N/A — shares were distributed, not sold on the open market.
• Shares transferred: 3,085,037 (ICONIQ II) and 2,414,963 (ICONIQ II‑B) — total 5,500,000 shares.
• Shares held after transaction: the filing notes an aggregate 583,863 ICONIQ II / II‑B shares held by the Reporting Person’s trusts (per footnote F5).
• Notable footnotes: distributions were made to limited partners and to ICONIQ GP II, then allocated pro rata to partners; filings rely on exemptions under Rules 16a‑13 and 16a‑9. The report includes a disclaimer that the Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest. Complex ICONIQ GP/parent GP structure and other principals (e.g., Divesh Makan) are referenced.

Context
These were internal fund distributions (allocations) from ICONIQ partnership vehicles to partners and are not open‑market sales or purchases. For retail investors: such distributions are institutional/ownership housekeeping and do not necessarily signal management sentiment about the company’s prospects. The Reporting Person is a 10% owner via fund/ trustee structures and disclaims beneficial ownership beyond any pecuniary interest.