Form 4: Lightspeed Venture Partners Divests Netskope Stake

Director Arif Janmohamed reports the sale of 1,650,000 shares of Netskope Inc. held by Lightspeed Opportunity Fund.

Summary

• Arif Janmohamed, a director at Netskope Inc., reported the conversion and subsequent sale of 1,650,000 shares of Class B Common Stock into Class A Common Stock.
• The shares were held by Lightspeed Opportunity Fund, L.P.
• The divestment occurred in two tranches on June 12, 2026, and June 15, 2026.
• Following these transactions, the reporting entity holds zero shares of Class A Common Stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as neutral to slightly bearish, as the complete exit of a major venture capital firm can create overhang and suggests a lack of long-term holding intent.

Positives

• The transaction represents a standard portfolio rebalancing or exit strategy for a venture capital firm.

Negatives

• The sale of 1,650,000 shares by a major institutional investor and director may signal a reduction in long-term confidence or a liquidity event for the fund.

Risks

• Significant selling pressure from a major shareholder can negatively impact the short-term market price of the stock.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this ownership disclosure.

Industry Context

StockSavvy.ai notes that venture capital firms often exit positions in technology companies as they reach maturity or as fund lifecycles conclude, which is a standard practice in the cybersecurity sector.

Comparison to Industry Standards

• The divestment follows typical patterns for venture capital firms exiting late-stage private or public equity positions.
• The sale price range is consistent with recent market valuations for similar cybersecurity growth-stage companies.

Related Party Transactions

• The reporting person is a director of the general partner of the fund that sold the shares.

Stakeholder Impact

• Shareholders may experience increased volatility due to the liquidation of a large block of shares.

Next Steps

• No further actions or milestones were disclosed in this filing.

Key Dates

Keywords

Netskope, NTSK, Insider Trading, Form 4, Lightspeed Venture Partners, Divestment