Lightspeed SPV II, LLC - Sep 18, 2025 Form 4 Insider Report for Netskope Inc (NTSK)

Role
10%+ Owner
Signature
Lightspeed SPV II, LLC, by LS SPV Management, LLC, its Manager, /s/ Ravi Mhatre, Manager
Stock symbol
NTSK
Transactions as of
Sep 18, 2025
Transactions value $
$0
Form type
4
Date filed
9/22/2025, 08:22 PM
Previous filing
Sep 17, 2025

Reporting Owners (6)

Name Relationship Address Signature Signature date CIK
Lightspeed SPV II, LLC 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed SPV II, LLC, by LS SPV Management, LLC, its Manager, /s/ Ravi Mhatre, Manager 2025-09-22 0001756164
Lightspeed SPV II-B, LLC 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK Lightspeed SPV II-B, LLC, by LS SPV Management, LLC, Manager, /s/ Ravi Mhatre, Manager 2025-09-22 0001804081
LS SPV Management, LLC 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK LS SPV Management, LLC, /s/ Ravi Mhatre, Manager 2025-09-22 0001978139
Eggers Barry 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK /s/ Barry Eggers 2025-09-22 0001366048
Mhatre Ravi 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK /s/ Ravi Mhatre 2025-09-22 0001366050
Nieh Peter 10%+ Owner C/O LIGHTSPEED VENTURE PARTNERS, 2200 SAND HILL ROAD, MENLO PARK /s/ Peter Nieh 2025-09-22 0001366051

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTSK Common Stock Conversion of derivative security +20.2M 20.2M Sep 18, 2025 See footnote F1, F2, F3, F4
transaction NTSK Common Stock Conversion of derivative security +8.82M 8.82M Sep 18, 2025 See footnote F1, F5, F6, F7, F8
transaction NTSK Common Stock Conversion of derivative security +7.51M 7.51M Sep 18, 2025 See footnote F1, F6, F7, F9
transaction NTSK Common Stock Conversion of derivative security +15.6M 15.6M Sep 18, 2025 See footnote F1, F7, F10
transaction NTSK Common Stock Conversion of derivative security +7.77M 7.77M Sep 18, 2025 See footnote F1, F11, F12
transaction NTSK Common Stock Conversion of derivative security +4.04M +1346.88% 4.34M Sep 18, 2025 See footnote F1, F11, F13, F14
transaction NTSK Common Stock Other -20.2M -100% 0 Sep 19, 2025 See footnote F1, F4
transaction NTSK Common Stock Other -8.82M -100% 0 Sep 19, 2025 See footnote F1, F8
transaction NTSK Common Stock Other -7.51M -100% 0 Sep 19, 2025 See footnote F1, F9
transaction NTSK Common Stock Other -15.6M -100% 0 Sep 19, 2025 See footnote F1, F10
transaction NTSK Common Stock Other -7.77M -100% 0 Sep 19, 2025 See footnote F1, F12
transaction NTSK Common Stock Other -4.34M -100% 0 Sep 19, 2025 See footnote F1, F14
transaction NTSK Common Stock Other -219K -100% 0 Sep 19, 2025 See footnote F1, F15
transaction NTSK Common Stock Other -500 -100% 0 Sep 19, 2025 See footnote F1, F16

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NTSK Series B Convertible Preferred Stock Conversion of derivative security -15.9M -100% 0 Sep 18, 2025 Common Stock 15.9M See footnote F1, F2, F4
transaction NTSK Series C Convertible Preferred Stock Conversion of derivative security -4.34M -100% 0 Sep 18, 2025 Common Stock 4.34M See footnote F1, F3, F4
transaction NTSK Series D Convertible Preferred Stock Conversion of derivative security -2.23M -100% 0 Sep 18, 2025 Common Stock 2.23M See footnote F1, F5, F8
transaction NTSK Series E Convertible Preferred Stock Conversion of derivative security -5.67M -100% 0 Sep 18, 2025 Common Stock 5.67M See footnote F1, F6, F8
transaction NTSK Series E Convertible Preferred Stock Conversion of derivative security -5.67M -100% 0 Sep 18, 2025 Common Stock 5.67M See footnote F1, F6, F9
transaction NTSK Series F Convertible Preferred Stock Conversion of derivative security -918K -100% 0 Sep 18, 2025 Common Stock 918K See footnote F1, F7, F8
transaction NTSK Series F Convertible Preferred Stock Conversion of derivative security -1.84M -100% 0 Sep 18, 2025 Common Stock 1.84M See footnote F1, F7, F9
transaction NTSK Series F Convertible Preferred Stock Conversion of derivative security -15.6M -100% 0 Sep 18, 2025 Common Stock 15.6M See footnote F1, F7, F10
transaction NTSK Series G Convertible Preferred Stock Conversion of derivative security -7.77M -100% 0 Sep 18, 2025 Common Stock 7.77M See footnote F1, F11, F12
transaction NTSK Series G Convertible Preferred Stock Conversion of derivative security -2.99M -100% 0 Sep 18, 2025 Common Stock 2.99M See footnote F1, F11, F14
transaction NTSK Series H Convertible Preferred Stock Conversion of derivative security -1.05M -100% 0 Sep 18, 2025 Common Stock 1.05M See footnote F1, F13, F14
transaction NTSK Class B Common Stock Other +20.2M 20.2M Sep 19, 2025 Class A Common Stock 20.2M See footnote F1, F4, F17, F18
transaction NTSK Class B Common Stock Other +8.82M 8.82M Sep 19, 2025 Class A Common Stock 8.82M See footnote F1, F8, F17, F18
transaction NTSK Class B Common Stock Other +7.51M 7.51M Sep 19, 2025 Class A Common Stock 7.51M See footnote F1, F9, F17, F18
transaction NTSK Class B Common Stock Other +15.6M 15.6M Sep 19, 2025 Class A Common Stock 15.6M See footnote F1, F10, F17, F18
transaction NTSK Class B Common Stock Other +7.77M 7.77M Sep 19, 2025 Class A Common Stock 7.77M See footnote F1, F12, F17, F18
transaction NTSK Class B Common Stock Other +4.34M 4.34M Sep 19, 2025 Class A Common Stock 4.34M See footnote F1, F14, F17, F18
transaction NTSK Class B Common Stock Other +219K 219K Sep 19, 2025 Class A Common Stock 219K See footnote F1, F15, F17, F18
transaction NTSK Class B Common Stock Other +500 500 Sep 19, 2025 Class A Common Stock 500 See footnote F1, F16, F17, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was reclassified into one share of Class B Common Stock immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock (the "IPO").
F2 Each share of Series B Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F3 Each share of Series C Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F4 The shares are held of record by Lightspeed Venture Partners IX, L.P., or Lightspeed IX. Lightspeed General Partner IX, L.P., or Lightspeed GP IX, is the general partner of Lightspeed IX and Lightspeed Ultimate General Partner IX, Ltd., or Lightspeed UGP IX, is the general partner of Lightspeed GP IX. Messrs. Eggers, Mhatre and Nieh, the directors of Lightspeed UGP IX, share voting and investment power with respect to the shares held of record by Lightspeed IX. Each of Lightspeed GP IX, Lightspeed UGP IX and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F5 Each share of Series D Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F6 Each share of Series E Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F7 Each share of Series F Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F8 The shares are held of record by Lightspeed Venture Partners Select, L.P., or Lightspeed Select. Lightspeed General Partner Select, L.P., or Lightspeed GP Select, is the general partner of Lightspeed Select and Lightspeed Ultimate General Partner Select, Ltd., or Lightspeed UGP Select, is the general partner of Lightspeed GP Select. Messrs. Eggers, Mhatre and Nieh, the directors of Lightspeed UGP Select, share voting and investment power with respect to the shares held of record by Lightspeed Select. Each of Lightspeed GP Select, Lightspeed UGP Select and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F9 The shares are held of record by Lightspeed Venture Partners Select II, L.P., or Lightspeed Select II. Lightspeed General Partner Select II, L.P., or Lightspeed GP Select II, is the general partner of Lightspeed Select II and Lightspeed Ultimate General Partner Select II, Ltd., or Lightspeed UGP Select II, is the general partner of Lightspeed GP Select II. Messrs. Eggers, Mhatre and Nieh, the directors of Lightspeed UGP Select II, share voting and investment power with respect to the shares held of record by Lightspeed Select II. Each of Lightspeed GP Select II, Lightspeed UGP Select II and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F10 The shares are held of record by Lightspeed SPV II, LLC, or Lightspeed SPV II. LS SPV Management, LLC, or LS SPV Mgmt, is the manager of Lightspeed SPV II. Messrs. Eggers, Mhatre and Nieh, the managers of LS SPV Mgmt, share voting and dispositive power with respect to the shares held of record by Lightspeed SPV II. Each of LS SPV Mgmt and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F11 Each share of Series G Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F12 The shares are held of record by Lightspeed SPV II-B, LLC, or Lightspeed SPV II-B. LS SPV Mgmt is the manager of Lightspeed SPV II-B. Messrs. Eggers, Mhatre and Nieh, the managers of LS SPV Mgmt, share voting and dispositive power with respect to the shares held of record by Lightspeed SPV II-B. Each of LS SPV Mgmt and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F13 Each share of Series H Convertible Preferred Stock converted into Common Stock on a one-to-one basis prior to the completion of the IPO and had no expiration date.
F14 The shares are held of record by Lightspeed Opportunity Fund, L.P., or Lightspeed Opportunity Fund. Lightspeed General Partner Opportunity Fund, L.P., or Lightspeed GP Opportunity Fund, is the general partner of Lightspeed Opportunity Fund and Lightspeed Ultimate General Partner Opportunity Fund, Ltd., or Lightspeed UGP Opportunity Fund, is the general partner of Lightspeed GP Opportunity Fund. Arif Janmohamed and Ravi Mhatre, the directors of Lightspeed UGP Opportunity Fund, share voting and investment power with respect to the shares held of record by Lightspeed Opportunity Fund. Each of Lightspeed GP Opportunity Fund, Lightspeed UGP Opportunity Fund and Mr. Mhatre disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein. Mr. Janmohamed, a director of the Issuer, files separate Section 16 reports.
F15 The shares are held of record by Lightspeed Venture Partners XII, L.P., or Lightspeed XII. Lightspeed General Partner XII, L.P., or Lightspeed GP XII, is the general partner of Lightspeed XII and Lightspeed Ultimate General Partner XII, Ltd., or Lightspeed UGP XII, is the general partner of Lightspeed GP XII. Barry Eggers, Mr. Mhatre and Peter Nieh, the directors of Lightspeed UGP XII, share voting and investment power with respect to the shares held of record by Lightspeed XII. Each of Lightspeed GP XII, Lightspeed UGP XII and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F16 The shares are held of record by LSS Fund II, LLC, or LSS Fund II. Lightspeed Scout Management, LLC, or Lightspeed Scout Mgmt, is the manager of LSS Fund II. Messrs. Eggers, Mhatre and Nieh, the managing members of Lightspeed Scout Mgmt, share voting and investment power with respect to the shares held of record by LSS Fund II. Each of Lightspeed Scout Mgmt and Messrs. Eggers, Mhatre and Nieh disclaims beneficial ownership of these shares except to the extent of its or his respective pecuniary interest therein.
F17 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder.
F18 The shares of Class B Common Stock automatically convert to shares of Class A common stock on a 1:1 basis on or prior to September 19, 2035 as set forth in the Issuer's amended and restated certificate of incorporation.

Remarks:

This report is the third of three reports, each on a separate Form 4, but relating to the same transaction being filed by entities affiliated with Lightspeed Venture Partners and their applicable related parties.