Changes in Beneficial Ownership · 4
Netskope, Inc.
NTSKNASDAQEQUITYCurrent
Changes in Beneficial Ownership
Structured filing — 4
form4-09152026_120952.xml
Filing details
- Report period
- 2026-09-10
- Issuer
- Netskope Inc
- Issuer CIK
- 0002063196
- Trading symbol
- NTSK
Reporting owner 1
- Name
- Lightspeed Venture Partners IX, L.P.
- Reporting owner CIK
- 0001539061
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 2
- Name
- Lightspeed General Partner IX, L.P.
- Reporting owner CIK
- 0001913317
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 3
- Name
- Lightspeed Ultimate General Partner IX, Ltd.
- Reporting owner CIK
- 0001912676
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 4
- Name
- Lightspeed SPV II, LLC
- Reporting owner CIK
- 0001756164
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 5
- Name
- Lightspeed SPV II-B, LLC
- Reporting owner CIK
- 0001804081
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 6
- Name
- LS SPV Management, LLC
- Reporting owner CIK
- 0001978139
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Reporting owner 7
- Name
- Lightspeed Management Company, L.L.C.
- Reporting owner CIK
- 0001702122
- Relationship
- 10% owner
- Address
- C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK, CA, 94025
Non-derivative transactions
| Security | Transaction date | Code | Amount | A / D | Price (USD) | Owned after | Ownership | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | 2026-09-10 | C · Form 4 | 3,034,693 | A | [F1] | 3,034,693 | I | By Lightspeed Venture Partners IX, L.P.[F2] |
| Class A Common Stock | 2026-09-10 | J · Form 4[F3] | 3,034,693 | D | 0 | 0 | I | By Lightspeed Venture Partners IX, L.P.[F2] |
| Class A Common Stock | 2026-09-10 | J · Form 4[F4] | 792,813 | A | 0 | 792,813 | I | By Lightspeed General Partner IX, L.P.[F5] |
| Class A Common Stock | 2026-09-10 | J · Form 4[F6] | 792,813 | D | 0 | 0 | I | By Lightspeed General Partner IX, L.P.[F5] |
| Class A Common Stock | 2026-09-10 | J · Form 4[F7] | 10,621 | A | 0 | 10,621 | I | By Lightspeed Management Company, L.L.C.[F8] |
| Class A Common Stock | 2026-09-11 | S · Form 4 | 10,621 | D | 14.90[F9] | 0 | I | By Lightspeed Management Company, L.L.C.[F8] |
Table key
- C · Form 4
- Derivative conversion
- A
- Acquired
- I
- Indirect
- J · Form 4
- Other acquisition or disposition; see explanation
- D
- Disposed
- S · Form 4
- Sale on the market or privately
Derivative transactions
| Security | Conversion / exercise price (USD) | Transaction date | Code | Amount | A / D | Price (USD) | Exercisable | Expires | Underlying security | Underlying shares | Owned after | Ownership | Nature of ownership |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | [F1] | 2026-09-10 | C · Form 4 | 3,034,693 | D | [F1] | [F10] | [F10] | Class A Common Stock | 3,034,693 | 14,161,900 | I | By Lightspeed Venture Partners IX, L.P.[F2] |
Table key
- C · Form 4
- Derivative conversion
- D
- Disposed
- I
- Indirect
Derivative holdings
| Security | Conversion / exercise price (USD) | Exercisable | Expires | Underlying security | Underlying shares | Amount owned | Ownership | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 15,608,645 | 15,608,645 | I | By Lightspeed SPV II, LLC[F11] |
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 7,765,561 | 7,765,561 | I | By Lightspeed SPV II-B, LLC[F12] |
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 8,818,610 | 8,818,610 | I | By Lightspeed Venture Partners Select, L.P.[F13] |
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 7,508,890 | 7,508,890 | I | By Lightspeed Venture Partners Select II, L.P.[F14] |
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 2,690,640 | 2,690,640 | I | By Lightspeed Opportunity Fund, L.P.[F15] |
| Class B Common Stock | [F10] | [F10] | [F10] | Class A Common Stock | 500 | 500 | I | By LSS Fund II, LLC[F16] |
Table key
- I
- Indirect
Footnotes
- F1
- Each share of Class B common stock was converted into one share of Class A Common Stock for no additional consideration.↩ 1↩ 2↩ 3
- F2
- 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.↩ 1↩ 2↩ 3
- F3
- Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by Lightspeed IX to its general partner and limited partners without additional consideration.↩ 1
- F4
- Represents receipt of shares in the distribution in kind described in footnote (3).↩ 1
- F5
- Shares are held by LGP IX. LUGP IX is the general partner of LGP IX. LUGP IX disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein.↩ 1↩ 2
- F6
- Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by LGP IX to its limited partners without additional consideration.↩ 1
- F7
- Represents receipt of shares in the distribution in kind described in footnote (6).↩ 1
- F9
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.60 to $15.00 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.↩ 1
- F10
- 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.↩ 1↩ 2↩ 3↩ 4↩ 5↩ 6↩ 7↩ 8↩ 9↩ 10↩ 11↩ 12↩ 13↩ 14↩ 15↩ 16↩ 17↩ 18↩ 19↩ 20
- F11
- 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.↩ 1
- F12
- 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.↩ 1
- F13
- 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.↩ 1
- F14
- 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.↩ 1
- F15
- 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.↩ 1
- F16
- 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.↩ 1
Remarks
This Form 4 is the first of two Forms 4 filed relating to the same events. Combined, the two Form 4s report the holdings for the following Reporting Persons: Lightspeed Venture Partners IX, L.P., Lightspeed General Partner IX, L.P., Lightspeed Ultimate General Partner IX, Ltd., Lightspeed SPV II, LLC, Lightspeed SPV II-B, LLC, LS SPV Management, LLC, Lightspeed Venture Partners Select, L.P., Lightspeed General Partner Select, L.P., Lightspeed Ultimate General Partner Select, Ltd., Lightspeed Venture Partners Select II, L.P., Lightspeed General Partner Select II, L.P., Lightspeed Ultimate General Partner Select II, Ltd., Lightspeed Opportunity Fund, L.P., Lightspeed General Partner Opportunity Fund, L.P., Lightspeed Ultimate General Partner Opportunity Fund, Ltd. and Lightspeed Management Company, L.L.C. This Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons.
Signature 1
- Signed
- Lightspeed Venture Partners IX, L.P., By Lightspeed General Partner IX, L.P., its General Partner, By Lightspeed Ultimate General Partner IX, Ltd., its General Partner, By /s/ Ravi Mhatre, Director
- Date
- 2026-09-14
Signature 2
- Signed
- Lightspeed General Partner IX, L.P., By Lightspeed Ultimate General Partner IX, Ltd., its General Partner, By /s/ Ravi Mhatre, Director
- Date
- 2026-09-14
Signature 3
- Signed
- Lightspeed Ultimate General Partner IX, Ltd., By /s/ Ravi Mhatre, Director
- Date
- 2026-09-14
Signature 4
- Signed
- Lightspeed SPV II, LLC, By LS SPV Management, LLC, its Manager, By /s/ Ravi Mhatre, Managing Member
- Date
- 2026-09-14
Signature 5
- Signed
- Lightspeed SPV II-B, LLC, By LS SPV Management, LLC, its Manager, By /s/ Ravi Mhatre, Managing Member
- Date
- 2026-09-14
Signature 6
- Signed
- LS SPV Management, LLC, By /s/ Ravi Mhatre, Managing Member
- Date
- 2026-09-14
Signature 7
- Signed
- Lightspeed Management Company, L.L.C., By /s/ Ravi Mhatre, Managing Member
- Date
- 2026-09-14
Company context
Netskope (NASDAQ: NTSK), a leader in modern security and networking for the cloud and AI era, addresses the needs of both security and networking teams by providing optimized access and real-time, context-based security for the AI ecosystem inclusive of agents, applications, tools, LLMs, people, devices, and data. Thousands of customers, including more than 30% of the Fortune 100, trust the Netskope One platform, its Zero Trust Engine, and its powerful NewEdge network to reduce risk and gain full visibility and control over cloud, AI, SaaS, web, and private applications - providing security and accelerating performance without trade-offs. Learn more at netskope.com, on LinkedIn, and on Instagram.