Lightspeed Venture Partners IX, L.P. 4
4 · Netskope Inc · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Netskope (NTSK) 10% Holder Lightspeed IX Sells 1.65M Shares
What Happened
- Lightspeed Venture Partners IX (reported 10% owner) converted 1,650,000 derivative securities into Class A common stock on June 12, 2026 (per footnotes regarding conversion) and sold all 1,650,000 shares in two blocks. On June 12 it sold 1,313,827 shares at a weighted-average price of $9.19 for proceeds of $12,074,070 (weighted price range $8.71–$9.495). On June 15 it sold 336,173 shares at a weighted-average price of $9.00 for proceeds of $3,025,557 (weighted price range $8.785–$9.44). Total reported proceeds ≈ $15,099,627. These were dispositions (sales), not purchases.
Key Details
- Transaction dates/prices:
- 2026-06-12: conversion of derivative → 1,650,000 shares acquired; same day sale of 1,313,827 shares at weighted avg $9.19 (range $8.71–$9.495).
- 2026-06-15: sale of 336,173 shares at weighted avg $9.00 (range $8.785–$9.44).
- Total sold: 1,650,000 shares for ~ $15.10M.
- Conversion notes: Footnotes indicate Class B shares/derivatives were converted into Class A shares for no additional consideration (see F1, F5).
- Price reporting: Weighted-average prices reported; footnotes F3 and F4 provide the per-transaction price ranges and commitment to provide per-price breakdown on request.
- Reporting structure: This Form 4 is one of two filings covering multiple Lightspeed-related reporting persons (split because of EDGAR limits). See the related Form 4 for complete combined holdings.
- Shares owned after transaction: Not specified in this single Form 4—check the combined filings on EDGAR for post-transaction ownership figures.
- Filing date: Form 4 filed June 16, 2026. (No late-filing flag is indicated in the summary provided.)
Context
- This activity was by a 10% institutional holder (Lightspeed Venture Partners IX), not an executive officer. Institutional conversions and subsequent sales are commonly for liquidity or portfolio management and do not necessarily signal executive-level sentiment.
- The transactions involved conversion of derivatives/convertible/Class B holdings into Class A shares and immediate sale of those shares (i.e., conversion followed by disposition), rather than a purchase or open-market accumulation.
Insider Transaction Report
Form 4
Netskope IncNTSK
Lightspeed Venture Partners IX, L.P.
10% Owner
Transactions
- Conversion
Class A Common Stock
[F1][F2]2026-06-12+1,650,000→ 1,650,000 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F3][F2]2026-06-12$9.19/sh−1,313,827$12,074,070→ 336,173 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Sale
Class A Common Stock
[F4][F2]2026-06-15$9.00/sh−336,173$3,025,557→ 0 total(indirect: By Lightspeed Opportunity Fund, L.P.) - Conversion
Class B Common Stock
[F1][F5][F2]2026-06-12−1,650,000→ 2,690,640 total(indirect: By Lightspeed Opportunity Fund, L.P.)→ Class A Common Stock (1,650,000 underlying)
Holdings
- 20,231,286(indirect: By Lightspeed Venture Partners IX, L.P.)
Class B Common Stock
[F5][F6]→ Class A Common Stock (20,231,286 underlying) - 219,075(indirect: By Lightspeed Venture Partners XII, L.P.)
Class B Common Stock
[F5][F7]→ Class A Common Stock (219,075 underlying) - 15,608,645(indirect: By LLC)
Class B Common Stock
[F5][F8]→ Class A Common Stock (15,608,645 underlying) - 7,765,561(indirect: By LLC)
Class B Common Stock
[F5][F9]→ Class A Common Stock (7,765,561 underlying) - 8,818,610(indirect: By Lightspeed Venture Partners Select, L.P.)
Class B Common Stock
[F5][F10]→ Class A Common Stock (8,818,610 underlying) - 7,508,890(indirect: By Lightspeed Venture Partners Select II, L.P.)
Class B Common Stock
[F5][F11]→ Class A Common Stock (7,508,890 underlying) - 500(indirect: By LLC)
Class B Common Stock
[F5][F12]→ Class A Common Stock (500 underlying)
Footnotes (12)
- [F1]Each share of Class B common stock was converted into one share of Class A Common Stock for no additional consideration.
- [F10]Shares are held by Lightspeed Venture Partners Select, L.P. ("Lightspeed Select"). Lightspeed General Partner Select, L.P. ("LGP Select") is the general partner of Lightspeed Select. Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select") is the general partner of LGP Select. Each of LGP Select and LUGP Select disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F11]Shares are held by Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II"). Lightspeed General Partner Select II, L.P. ("LGP Select II") is the general partner of Lightspeed Select II. Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II") is the general partner of LGP Select II. Each of LGP Select II and LUGP Select II disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F12]Shares are held by LSS Fund II, LLC ("LSS Fund II"). Lightspeed Scout Management, LLC ("Scout Mgmt") is the manager of LSS Fund II. Each of the Reporting Persons disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F2]Shares are held by Lightspeed Opportunity Fund, L.P. ("Opportunity"). Lightspeed General Partner Opportunity Fund, L.P. ("LGP Opportunity") is the general partner of Opportunity. Lightspeed Ultimate General Partner Opportunity Fund, Ltd. ("LUGP Opportunity") is the general partner of LGP Opportunity. Each of LGP Opportunity and LUGP Opportunity disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.71 to $9.495 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.785 to $9.44 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F5]Each share of Class B Common Stock is convertible into one share of Class A Common Stock (A) at any time at the option of the holder or (B) automatically on September 19, 2035 as set forth in the Issuer's amended and restated certificate of incorporation.
- [F6]Shares are held by Lightspeed Venture Partners IX, L.P. ("Lightspeed IX"). Lightspeed General Partner IX, L.P. ("LGP IX") is the general partner of Lightspeed IX. Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX") is the general partner of LGP IX. Each of LGP IX and LUGP IX disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F7]Shares are held by Lightspeed Venture Partners XII, L.P. ("Lightspeed XII"). Lightspeed General Partner XII, L.P. ("LGP XII") is the general partner of Lightspeed XII. Lightspeed Ultimate General Partner XII, Ltd. ("LUGP XII") is the general partner of LGP XII. Each of LGP XII and LUGP XII disclaims beneficial ownership of these shares except to the extent of its respective pecuniary interest therein.
- [F8]Shares are held by Lightspeed SPV II, LLC ("Lightspeed SPV II"). LS SPV Management, LLC ("LS SPV") is the manager of Lightspeed SPV II. LS SPV disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.
- [F9]Shares are held by Lightspeed SPV II-B, LLC ("Lightspeed SPV II-B"). LS SPV is the manager of Lightspeed SPV II-B. LS SPV disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.