STOCK TITAN

Spark Capital entities disclose 3.65M Teamshares stake (LOKV)

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Teamshares Inc. ownership update: Spark Capital entities report beneficial ownership of common stock totaling 3,645,439 shares, based on 71,985,774 shares outstanding as of June 18, 2026. The holdings are held across Spark Capital Growth Fund III, L.P. (3,608,626 shares) and Spark Capital Growth Founders' Fund III, L.P. (36,813 shares), with Spark Growth Management Partners III, LLC acting as general partner and holding shared voting and dispositive power over the reported positions. The filing is a joint Schedule 13G disclosure and states that each named managing member disclaims beneficial ownership.

Positive

  • None.

Negative

  • None.

Insights

Passive institutional stake disclosed; governance influence is shared.

The filing lists 3,608,626 shares held by Spark Capital Growth Fund III, L.P. and 36,813 shares held by Spark Capital Growth Founders' Fund III, L.P.; Spark Growth Management Partners III, LLC is the general partner with shared voting and dispositive power over these positions. The disclosure cites June 18, 2026 and 71,985,774 shares outstanding.

The statement that each manager "disclaims beneficial ownership" is a legal attribution detail; actual control is reported as shared voting and dispositive power. Subsequent filings would clarify any changes to voting arrangements or conversions.

Holdings represent approximately low-single-digit ownership across related entities.

The excerpt shows combined reported positions of 3,645,439 shares, which the filing enumerates by entity and labels with percent figures (e.g., 5.1% next to Spark Growth Management Partners III, LLC). The percent figures reflect the issuer's reported outstanding share base on June 18, 2026.

Whether these holdings imply active engagement or passive investment depends on additional disclosure; this filing is a positional snapshot and does not state any planned transactions or changes in intent.

Shares outstanding 71,985,774 shares as of <date>June 18, 2026</date>
Combined reported holdings 3,645,439 shares aggregate reported across Spark entities in the filing
Spark Capital Growth Fund III holding 3,608,626 shares listed under Spark Capital Growth Fund III, L.P.
Spark Capital Growth Founders' Fund III holding 36,813 shares listed under Spark Capital Growth Founders' Fund III, L.P.
Percent of class (example) 5.1% percent associated with Spark Growth Management Partners III, LLC on cover page
beneficial ownership regulatory
"The ownership information presented herein represents beneficial ownership of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared dispositive power regulatory
"Shared Dispositive Power 3,608,626.00"
Joint Filing Agreement regulatory
"Exhibit 99: Joint Filing Agreement."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Spark Capital report in Teamshares (LOKV)?

Spark Capital reports beneficial ownership of 3,645,439 shares across its related entities. That total is shown by separate holdings: 3,608,626 and 36,813 shares respectively, as presented in the filing.

What is the percent ownership reported and the reference share count?

The filing ties percentages to a base of 71,985,774 shares outstanding as of June 18, 2026. Spark Growth Management Partners III, LLC is shown with 5.1% and Spark Capital Growth Fund III, L.P. with 5.0% in the cover information.

Who holds voting and dispositive power over the disclosed shares?

Spark Growth Management Partners III, LLC is the general partner and the filing reports it holds shared voting and dispositive power over the shares held by the two Spark funds, per the cover-page ownership table.

Do the reporting persons claim beneficial ownership personally?

No. The filing states that the named managing members "disclaim beneficial ownership" of the reported shares while the entities and the general partner are listed as holding shared power over the positions.

Does this Schedule 13G indicate any planned sales or purchases?

This filing is a positional disclosure and does not state any planned purchases or sales. It reports current beneficial ownership as of June 18, 2026 without transaction intent language.





87821B109

(CUSIP Number)
06/18/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Spark Capital Growth Fund III, L.P.
Signature:By: Spark Growth Management Partners III, LLC, its General Partner, By: /s/ Alexa Lyons
Name/Title:Alexa Lyons, Authorized Signatory
Date:06/26/2026
Spark Capital Growth Founders' Fund III, L.P.
Signature:By: Spark Growth Management Partners III, LLC, its General Partner, By: /s/ Alexa Lyons
Name/Title:Alexa Lyons, Authorized Signatory
Date:06/26/2026
Spark Growth Management Partners III, LLC
Signature:By: /s/ Alexa Lyons
Name/Title:Alexa Lyons, Authorized Signatory
Date:06/26/2026
Exhibit Information

Exhibit 99: Joint Filing Agreement.