Lightspeed-affiliated investment entities reported significant ownership in Netskope, Inc. as of June 30, 2026. Collectively, the reporting funds beneficially own 62,843,207 shares of Class B common stock, including positions such as 20,231,286 shares held by Lightspeed Venture Partners IX, L.P. and 15,608,645 shares held by Lightspeed SPV II, LLC.
The group reports beneficial ownership of 15.6% of Netskope’s total common stock and 19.9% of the Class A common stock, based on 405,573,649 total shares outstanding (253,471,667 Class A and 152,101,982 Class B) as of May 26, 2026, adjusted for conversions through June 30, 2026. Voting and dispositive powers are reported as shared among various Cayman Islands and Delaware entities, which also file a joint agreement while expressly disclaiming status as a “group.”
Positive
None.
Negative
None.
Key Figures
Aggregate Class B shares owned:62,843,207 sharesOwnership of total common stock:15.6%Ownership of Class A common:19.9%+3 more
6 metrics
Aggregate Class B shares owned62,843,207 sharesTotal Netskope Class B common stock beneficially owned collectively by the reporting persons as of June 30, 2026
Ownership of total common stock15.6%Collective beneficial ownership of Netskope common stock by the reporting persons
Ownership of Class A common19.9%Collective beneficial ownership of Netskope Class A common stock after assumed conversion of owned Class B shares
Total common shares outstanding405,573,649 sharesNetskope total common stock (253,471,667 Class A; 152,101,982 Class B) outstanding as of May 26, 2026
Lightspeed IX position20,231,286 sharesClass B common stock directly held by Lightspeed Venture Partners IX, L.P.
Lightspeed SPV II position15,608,645 sharesClass B common stock directly held by Lightspeed SPV II, LLC
Key Terms
beneficial ownership, Class B common stock, shared voting power, shared dispositive power, +2 more
6 terms
beneficial ownershipfinancial
"Collectively, the Reporting Persons beneficially own 15.6% of the 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.
Class B common stockfinancial
"Collectively, the Reporting Persons beneficially own an aggregate of 62,843,207 shares of Class B common stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
shared voting powerfinancial
"Shared Voting Power 20,231,286.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 23,374,206.00"
Schedule 13Gregulatory
"Row 9 of each Reporting Person's cover page to this sets forth"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Joint Filing Agreementregulatory
"Exhibit 99.1 Joint Filing Agreement"
FAQ
How much of Netskope (NTSK) common stock do the Lightspeed funds collectively own?
The Lightspeed-affiliated reporting entities collectively beneficially own 15.6% of Netskope’s common stock, based on 405,573,649 shares outstanding as of May 26, 2026, adjusted for certain Class B to Class A conversions through June 30, 2026.
What is the Lightspeed group’s stake in Netskope (NTSK) Class A common stock?
The reporting entities state they beneficially own 19.9% of Netskope’s Class A common stock. This percentage is calculated after giving effect to the full conversion of the Class B common stock beneficially owned by each reporting person into Class A shares.
How many Netskope (NTSK) shares do the Lightspeed funds report owning in total?
The reporting entities collectively beneficially own 62,843,207 shares of Netskope Class B common stock. This aggregate includes multiple blocks, such as 20,231,286 shares held by Lightspeed IX and 15,608,645 shares held by Lightspeed SPV II, LLC.
What share classes and totals does Netskope (NTSK) report outstanding in this filing?
Netskope is reported to have 405,573,649 shares of common stock outstanding, consisting of 253,471,667 shares of Class A and 152,101,982 shares of Class B, as of May 26, 2026, before adjustments for certain conversions.
Which Lightspeed entity holds the largest single position in Netskope (NTSK)?
Among the reporting entities, Lightspeed Venture Partners IX, L.P. holds the largest single block with 20,231,286 shares of Class B common stock. Several other Lightspeed funds and SPVs hold additional sizable positions in Netskope.
Do the Lightspeed entities claim to be a group regarding Netskope (NTSK) shares?
The reporting entities expressly disclaim status as a “group” for these Netskope holdings, even though they jointly file and enter into a Joint Filing Agreement covering their reported beneficial ownership positions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Netskope, Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 par value per share
(Title of Class of Securities)
64119N608
(CUSIP Number)
06/30/2026
(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
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Venture Partners IX, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
20,231,286.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
20,231,286.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,231,286.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 5.0% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed General Partner IX, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
20,231,286.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
20,231,286.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,231,286.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 5.0% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Ultimate General Partner IX, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
20,231,286.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
20,231,286.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
20,231,286.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 5.0% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Venture Partners Select, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,818,610.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,818,610.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,818,610.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 2.2% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed General Partner Select, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,818,610.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,818,610.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,818,610.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.4 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 2.2% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Ultimate General Partner Select, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,818,610.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
8,818,610.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,818,610.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 2.2% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Venture Partners Select II, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,508,890.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,508,890.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,508,890.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 1.9% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed General Partner Select II, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,508,890.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,508,890.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,508,890.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 1.9% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Ultimate General Partner Select II, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,508,890.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,508,890.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,508,890.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.9 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 1.9% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed SPV II, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
15,608,645.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
15,608,645.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
15,608,645.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 3.9% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed SPV II-B, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
7,765,561.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
7,765,561.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
7,765,561.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
3.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 1.9% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
LS SPV Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
23,374,206.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
23,374,206.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
23,374,206.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.4 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 5.8% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Opportunity Fund, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,690,640.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,690,640.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,690,640.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.7% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed General Partner Opportunity Fund, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,690,640.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,690,640.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,690,640.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.7% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Ultimate General Partner Opportunity Fund, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,690,640.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,690,640.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,690,640.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.1 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.7% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Venture Partners XII, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
219,075.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
219,075.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
219,075.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.1% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed General Partner XII, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
219,075.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
219,075.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
219,075.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.1% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Ultimate General Partner XII, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
219,075.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
219,075.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
219,075.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.1% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
LSS Fund II, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.0% of the total outstanding common stock.
SCHEDULE 13G
CUSIP Number(s):
64119N608
1
Names of Reporting Persons
Lightspeed Scout Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
500.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
500.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
500.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The beneficial ownership percentage in Row 11 is determined based on the Issuer's outstanding Class A Common Stock. The shares beneficially owned by the Reporting Person represent 0.0% of the total outstanding common stock.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Netskope, Inc.
(b)
Address of issuer's principal executive offices:
2445 Augustine Drive, Suite 301, Santa Clara, CA, 95054.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Lightspeed Venture Partners IX, L.P. ("Lightspeed IX")
Lightspeed General Partner IX, L.P. ("LGP IX")
Lightspeed Ultimate General Partner IX, Ltd. ("LUGP IX")
Lightspeed Venture Partners Select, L.P. ("Lightspeed Select")
Lightspeed General Partner Select, L.P. ("LGP Select")
Lightspeed Ultimate General Partner Select, Ltd. ("LUGP Select")
Lightspeed Venture Partners Select II, L.P. ("Lightspeed Select II")
Lightspeed General Partner Select II, L.P. ("LGP Select II")
Lightspeed Ultimate General Partner Select II, Ltd. ("LUGP Select II")
Lightspeed SPV II, LLC ("Lightspeed SPV II")
Lightspeed SPV II-B, LLC ("Lightspeed SPV II-B")
LS SPV Management, LLC ("LS SPV Mgmt")
Lightspeed Opportunity Fund, L.P.("Opportunity")
Lightspeed General Partner Opportunity Fund, L.P.("Opportunity GP")
Lightspeed Ultimate General Partner Opportunity Fund, Ltd.("Opportunity UGP")
Lightspeed Venture Partners XII, L.P. ("Lightspeed XII")
Lightspeed General Partner XII, L.P. ("LGP XII")
Lightspeed Ultimate General Partner XII, Ltd. ("LUGP XII")
LSS Fund II, LLC ("LSS Fund II")
Lightspeed Scout Management, LLC ("Scout Mgmt")
The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
c/o Lightspeed Venture Partners
2200 Sand Hill Road
Menlo Park, CA 94025
(c)
Citizenship:
Lightspeed IX Cayman Islands
LGP IX Cayman Islands
LUGP IX Cayman Islands
Lightspeed Select Cayman Islands
LGP Select Cayman Islands
LUGP Select Cayman Islands
Lightspeed Select II Cayman Islands
LGP Select II Cayman Islands
LUGP Select II Cayman Islands
Lightspeed SPV II Delaware
Lightspeed SPV II-B Delaware
LS SPV Mgmt Delaware
Opportunity Cayman Islands
Opportunity GP Cayman Islands
Opportunity UGP Cayman Islands
Lightspeed XII Cayman Islands
LGP XII Cayman Islands
LUGP XII Cayman Islands
LSS Fund II Delaware
Scout Mgmt Delaware
(d)
Title of class of securities:
Class A Common Stock, $0.0001 par value per share
(e)
CUSIP No.:
64119N608
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities consists of (i) 20,231,286 shares of Class B common stock directly held by Lightspeed IX; (ii) 8,818,610 shares of Class B common stock directly held by Lightspeed Select; (iii) 7,508,890 shares of Class B common stock directly held by Lightspeed Select II; (iv) 15,608,645 shares of Class B common stock directly held by Lightspeed SPV II; (v) 7,765,561 shares of Class B common stock directly held by Lightspeed SPV II-B; (vi) 2,690,640 shares of Class B common stock directly held by Opportunity; (vii) 219,075 shares of Class B common stock directly held by Lightspeed XII; and (viii) 500 shares of Class B common stock directly held by LSS Fund II. Collectively, the Reporting Persons beneficially own an aggregate of 62,843,207 shares of Class B common stock.
LUGP IX serves as the sole general partner of LGP IX, which serves as the sole general partner of Lightspeed IX. LUGP Select serves as the sole general partner of LGP Select, which serves as the sole general partner of Lightspeed Select. LUGP Select II serves as the sole general partner of LGP Select II, which serves as the sole general partner of Lightspeed Select II. LS SPV Mgmt serves as the manager of each of Lightspeed SPV II and Lightspeed SPV II-B. Opportunity UGP serves as the sole general partner of Opportunity GP, which serves as the sole general partner of Opportunity. LUGP XII serves as the sole general partner of LGP XII, which serves as the sole general partner of Lightspeed XII. Scout Mgmt serves as the manager of LSS Fund II.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the Class A common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference. Collectively, the Reporting Persons beneficially own 15.6% of the common stock and 19.9% of the Class A common stock. The foregoing percentages are based upon a total of 405,573,649 shares of common stock (253,471,667 shares of Class A common stock and 152,101,982 shares of Class B common stock) outstanding as of May 26, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on June 3, 2026 (adjusted to reflect conversions of Class B common stock by the Reporting Persons between May 26, 2026 and June 30, 2026. With respect to the percentage of Class A common stock, in each case, the shares outstanding has been adjusted in accordance with rules of the SEC, to give effect to the full conversion of Class B common stock beneficially owned by such Reporting Person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Lightspeed Venture Partners IX, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 1
Date:
08/14/2026
Lightspeed General Partner IX, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner IX, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner IX, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Venture Partners Select, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 2
Date:
08/14/2026
Lightspeed General Partner Select, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner Select, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner Select, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Venture Partners Select II, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 3
Date:
08/14/2026
Lightspeed General Partner Select II, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner Select II, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed SPV II, LLC
Signature:
/s/ Ravi Mhatre
Name/Title:
By LS SPV Management, LLC, its Manager, By Ravi Mhatre, Managing Member
Date:
08/14/2026
Lightspeed SPV II-B, LLC
Signature:
/s/ Ravi Mhatre
Name/Title:
By LS SPV Management, LLC, its Manager, By Ravi Mhatre, Managing Member
Date:
08/14/2026
LS SPV Management, LLC
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Managing Member
Date:
08/14/2026
Lightspeed Opportunity Fund, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 4
Date:
08/14/2026
Lightspeed General Partner Opportunity Fund, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner Opportunity Fund, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Venture Partners XII, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
See Note 5
Date:
08/14/2026
Lightspeed General Partner XII, L.P.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Ultimate General Partner XII, Ltd., its General Partner, By Ravi Mhatre, Director
Date:
08/14/2026
Lightspeed Ultimate General Partner XII, Ltd.
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Director
Date:
08/14/2026
LSS Fund II, LLC
Signature:
/s/ Ravi Mhatre
Name/Title:
By Lightspeed Scout Management, LLC, its Manager, By Ravi Mhatre, Managing Member
Date:
08/14/2026
Lightspeed Scout Management, LLC
Signature:
/s/ Ravi Mhatre
Name/Title:
By Ravi Mhatre, Managing Member
Date:
08/14/2026
Comments accompanying signature: Note 1: By Lightspeed General Partner IX, L.P., its General Partner, By Lightspeed Ultimate General Partner IX, Ltd., its General Partner, By Ravi Mhatre, Director
Note 2: By Lightspeed General Partner Select, L.P., its General Partner, By Lightspeed Ultimate General Partner Select, Ltd., its General Partner, By Ravi Mhatre, Director
Note 3: By Lightspeed General Partner Select II, L.P., its General Partner, By Lightspeed Ultimate General Partner Select II, Ltd., its General Partner, By Ravi Mhatre, Director
Note 4: By Lightspeed General Partner Opportunity Fund, L.P., its General Partner, By Lightspeed Ultimate General Partner Opportunity Fund, Ltd., its General Partner, By Ravi Mhatre, Director
Note 5: By Lightspeed General Partner XII, L.P., its General Partner, By Lightspeed Ultimate General Partner XII, Ltd., its General Partner, By Ravi Mhatre, Director
