Netskope (NTSK) 10% Owner William Griffith Reports 5.5M-Share Distribution

What Happened William J.G. Griffith, reported as a 10% owner, is listed on a Form 4 showing related fund distributions on September 22, 2026. The filing records two "other acquisition or disposition (J)" entries totaling 5,500,000 shares disposed (3,085,037 and 2,414,963). No sale price or market value is provided in the filing — the transactions reflect pro rata distributions by ICONIQ funds, not open-market sales.

Key Details

• Transaction date: September 22, 2026. Form filed September 24, 2026 (appears timely under Section 16 filing rules).
• Shares reported as disposed by fund vehicles: 3,085,037 and 2,414,963 (total 5,500,000). Price: N/A — distributions, not cash sales.
• Shares received by the reporting person’s trusts: aggregate of 583,863 ICONIQ II and ICONIQ II‑B shares (held through family and estate-planning trusts), per footnote F5.
• Notable footnotes: distributions were made by ICONIQ Strategic Partners II and II‑B to partners for no consideration under exemptions in Rules 16a‑13 and 16a‑9; reporting person disclaims beneficial ownership of many of the distributed shares except to the extent of any pecuniary interest.
• Filing type: Code “J” (other acquisition/disposition) — indicates a non-market transfer/redistribution by the fund.

Context These entries reflect institutional fund distributions to partners (reallocating holdings), not insider open-market sales or purchases. For retail investors, that means this activity is administrative (fund-level redistribution) rather than a direct buy/sell by an executive that might signal personal confidence or concern. As a reported 10% owner with disclaimers of beneficial ownership, the filing documents structure and allocation of fund holdings more than an individual trading decision.