Lightspeed Funds Convert Class B Shares, Distribute to Partners, and Sell $2.8M of Netskope Stock
NTSK sits 61% above its 52-week low of $7.665.
Summary
Lightspeed Venture Partners converted 3.25 million Class B shares to Class A, distributed shares to partners, and sold $2.8 million worth of Netskope stock. The sales continue a 90-day trend of distribution by the 10% owner.
Key Events · Ownership and Investor Activity · NTSK
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Lightspeed Sells $2.8M in Open Market
Open market sales totaled $2.8 million, with Lightspeed Management Company selling 10,621 shares at $11.70 and Lightspeed Venture Partners XII selling 219,075 shares at $12.23.
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Class B to Class A Conversions
To facilitate the sales and distributions, Lightspeed IX converted 3,034,693 Class B shares and Lightspeed XII converted 219,075 Class B shares to Class A.
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In-Kind Distributions to Partners
Lightspeed IX distributed 3,034,693 shares pro-rata to its general partner and limited partners, who then further distributed shares, moving stock into hands that may sell.
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Continuing Distribution Trend
Over the past 90 days, Lightspeed entities have sold more than $48 million in Netskope stock, with multiple Form 144 and Form 4 filings indicating an ongoing reduction of their position.
Analysis · NTSK · Technology
A series of transactions across multiple Lightspeed Venture Partners funds has added to the overhang on Netskope shares: 3.25 million Class B shares were converted to Class A, shares were distributed to partners, and 229,696 shares were sold for $2.8 million. This continues a pattern of position reduction by Lightspeed, which has now sold over $48 million in Netskope stock in the past 90 days. While the sales are modest relative to the company's $5 billion market cap, the persistent selling by a major pre-IPO investor weighs on the stock, especially after the 20% post-earnings drop in June.
How filings like this one have moved
In the 30 days to Aug 24, 2026, 29.4% of the 2797 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NTSK was trading at $12.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $5B. The 52-week trading range was $7.67 to $27.99. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.