Netskope Inc (NTSK) major shareholder adds 610K shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Netskope Inc reported that ten percent owner group associated with ICONIQ Strategic Partners, including Divesh Makan, executed open-market purchases of Class A Common Stock on July 8, 2026. Makan bought a total of 610,291 shares directly at prices of $11.824 and $11.665 per share, with the weighted average price reflecting multiple trades between $11.595 and $11.94. Following these purchases, his reported direct holdings include 610,291 shares in one account and 200 shares in another, while affiliated ICONIQ funds report large indirect holdings across several limited partnerships, subject to disclaimers of beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Large ICONIQ-affiliated holder increased its direct Netskope stake through sizable open-market purchases.
On July 8, 2026, entities associated with ICONIQ Strategic Partners, including reporting person Divesh Makan, reported open-market purchases of Netskope Class A Common Stock. Makan acquired 610,091 shares at $11.824 per share and an additional 200 shares at $11.665, with a weighted average price across trades between $11.595 and $11.94.
After these transactions, his reported direct holdings stand at 610,291 shares in one line item and 200 shares in another, while several ICONIQ funds show substantial indirect positions, such as 13,169,285 shares held by ICONIQ Strategic Partners II, L.P. Footnotes state that various ICONIQ general partners and individuals disclaim beneficial ownership except to the extent of any pecuniary interest, so the economic exposure is spread across multiple vehicles.
Insider Trade Summary
Net Buyer: 610,291 shares ($7,216,049)
Net Buy
8 txns
Insider
ICONIQ Strategic Partners VIII Holdings, L.P., ICONIQ Strategic Partners VIII GP, L.P., ICONIQ Strategic Partners VIII TT GP, LLC, Makan Divesh
Role
null | null | null | null
Bought
610,291 shs ($7.22M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 200 | $11.665 | $2K |
| Purchase | Class A Common Stock | 610,091 | $11.824 | $7.21M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 200 shares (Direct, null);
Class A Common Stock — 8,723,318 shares (Indirect, ICONIQ Strategic Partners VI, L.P.)
Footnotes (1)
- This transaction is being reported solely by Divesh Makan. ICONIQ Strategic Partners VIII Holdings, L.P., ICONIQ Strategic Partners VIII GP, L.P. ("ICONIQ GP VIII"), ICONIQ Strategic Partners VIII TT GP, LLC ("ICONIQ Parent GP VIII") and William J.G. Griffith have filed separate Section 16 reports reporting the shares purchased in this transaction. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $11.595 to $11.94. Full information regarding the number of shares purchased at each separate price can be furnished to the SEC staff upon request. ICONIQ Strategic Partners II GP, L.P. ("ICONIQ GP II") is the sole general partner of ICONIQ Strategic Partners II, L.P., ICONIQ Strategic Partners II-B, L.P., and ICONIQ Strategic Partners II Co-Invest, L.P. (Series NS). ICONIQ Strategic Partners II TT GP, Ltd. ("ICONIQ Parent GP II") is the sole general partner of ICONIQ GP II. ICONIQ Strategic Partners VI GP, L.P. ("ICONIQ GP VI") is the sole general partner of ICONIQ Strategic Partners VI, L.P., ICONIQ Strategic Partners VI-B, L.P. and ICONIQ Strategic Partners VI Co-Invest, L.P. (Series NS). ICONIQ Strategic Partners VI TT GP, Ltd. ("ICONIQ Parent GP VI") is the sole general partner of ICONIQ GP VI. ICONIQ GP VIII is the sole general partner of ICONIQ Strategic Partners VIII Holdings, L.P. ICONIQ Parent GP VIII is the sole general partner of ICONIQ GP VIII. (continued) Divesh Makan and William J.G. Griffith are the sole equity holders of ICONIQ Parent GP II and the sole managing members of ICONIQ Parent GP VIII, and Divesh Makan, William J.G. Griffith and Matthew Jacobson are the sole equity holders of ICONIQ Parent GP VI. Each of ICONIQ GP II, ICONIQ Parent GP II, ICONIQ GP VI, ICONIQ Parent GP VI, ICONIQ GP VIII, ICONIQ Parent GP VIII and Messrs. Makan, Griffith and Jacobson disclaims beneficial ownership of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Open-market purchase: 610,091 shares at $11.824 per share
Additional purchase: 200 shares at $11.665 per share
Direct holdings after trade: 610,291 shares and 200 shares
+3 more
6 metrics
Open-market purchase
610,091 shares at $11.824 per share
Direct purchase by Divesh Makan on July 8, 2026
Additional purchase
200 shares at $11.665 per share
Direct purchase by Divesh Makan on July 8, 2026
Direct holdings after trade
610,291 shares and 200 shares
Two direct Class A Common Stock positions reported after July 8, 2026 trades
Indirect holdings ICONIQ Strategic Partners II, L.P.
13,169,285 shares
Indirect Class A Common Stock holdings reported as of July 8, 2026
Indirect holdings ICONIQ Strategic Partners VI Co-Invest
18,872,434 shares
Indirect Class A Common Stock holdings by Series NS vehicle
Net insider share change
610,291 net buy shares
Net result of reported buy and sell transactions in this Form 4
Key Terms
weighted average price, beneficial ownership, pecuniary interest, Section 16 reports, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"disclaims beneficial ownership of the securities reported herein for purposes of Section 16"
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.
pecuniary interest financial
"except to the extent of its or his pecuniary interest therein, if any."
Section 16 reports regulatory
"have filed separate Section 16 reports reporting the shares purchased"
ten percent owner regulatory
"is_ten_percent_owner": 1"
FAQ
What did the ICONIQ-affiliated holder report buying in Netskope Inc (NTSK)?
Divesh Makan, associated with ICONIQ, reported open-market purchases of Netskope Class A Common Stock totaling 610,291 shares. These trades occurred on July 8, 2026 at per-share prices of $11.824 and $11.665, based on multiple executions within a disclosed price range.
What indirect Netskope Inc (NTSK) holdings are reported by ICONIQ-affiliated funds?
ICONIQ-affiliated funds report several indirect positions, including 13,169,285 shares held by ICONIQ Strategic Partners II, L.P. and 18,872,434 shares held by ICONIQ Strategic Partners VI Co-Invest, L.P. (Series NS). These entities and managers disclaim beneficial ownership except for any pecuniary interest.
Who is identified as a ten percent owner in the Netskope Inc (NTSK) Form 4?
The Form 4 identifies ICONIQ Strategic Partners VIII Holdings, L.P., related ICONIQ general partner entities, and Divesh Makan as ten percent owners. Each reports positions in Netskope Class A Common Stock, with detailed indirect holdings disclosed through multiple limited partnerships.
What does the weighted average price disclosure mean in the Netskope Inc (NTSK) insider trade?
The filing states that the reported price is a weighted average price, because shares were bought in multiple trades between $11.595 and $11.94. Detailed per-trade share and price information is available to SEC staff upon request, reflecting standard aggregation for reporting.