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Lightspeed funds (NASDAQ: PSNL) report 5.8% Personalis stake after in-kind distributions

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Personalis, Inc. received an updated ownership filing from Lightspeed-affiliated funds. The group of venture capital entities collectively reports beneficial ownership of 6,101,850 shares of Personalis common stock, representing 5.8% of the 104,721,098 shares outstanding as of April 29, 2026.

The stake is held through several related Lightspeed vehicles, including Lightspeed Venture Partners Select IV, Lightspeed Venture Partners Select and Lightspeed Venture Partners VIII. On June 8, 2026, LSVP VIII Trust made a pro rata in-kind distribution of 2,058,884 shares, with LGP VIII receiving 551,521 shares and then distributing those shares in kind to its members, all for no additional consideration.

The filing clarifies current voting and dispositive powers across the various Lightspeed entities and confirms that, aside from the described in-kind distributions, no other transactions in Personalis stock were reported by the group in the prior sixty days.

Positive

  • None.

Negative

  • None.
Total beneficial ownership 6,101,850 shares Aggregate Personalis common stock beneficially owned by Lightspeed group
Ownership percentage 5.8% Portion of Personalis common stock outstanding as of April 29, 2026
Shares outstanding 104,721,098 shares Personalis common stock outstanding as of April 29, 2026
Lightspeed Select IV holding 2,084,240 shares Common stock directly held by Lightspeed Venture Partners Select IV, L.P.
Lightspeed Select holding 1,958,726 shares Common stock directly held by Lightspeed Venture Partners Select, L.P.
Lightspeed VIII holding 2,058,884 shares Common stock directly held by Lightspeed Venture Partners VIII, L.P.
Trust distribution 2,058,884 shares In-kind distribution by LSVP VIII Trust on June 8, 2026
LGP VIII distribution 551,521 shares Shares received from LSVP VIII Trust and distributed by LGP VIII
beneficially own financial
"Collectively, the Reporting Persons beneficially own an aggregate of 6,101,850 shares of common stock"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
in-kind distribution financial
"LSVP VIII Trust made a pro rata in-kind distribution for no additional consideration of 2,058,884 shares"
shared voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 8 | Shared Voting Power 2,084,240.00"
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 power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 10 | Shared Dispositive Power 2,084,240.00"
Schedule 13D regulatory
"This Amendment No. 3 amends and supplements the statement on originally filed with the Securities and Exchange Commission"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
venture capital investments financial
"The principal business of the Reporting Persons is venture capital investments."
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71535D106

(CUSIP Number)
Brett Nissenberg
c/o Lightspeed Venture Partners, 2200 Sand Hill Road
Menlo Park, CA, 94025
650-234-8300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/08/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


Lightspeed Venture Partners Select IV, L.P.
Signature:/s/ Ravi Mhatre
Name/Title:See Note 1
Date:06/10/2026
Lightspeed General Partner Select IV, L.P.
Signature:/s/ Ravi Mhatre
Name/Title:By Lightspeed Ultimate General Partner Select IV, L.L.C., its General Partner, By Ravi Mhatre, Managing Member
Date:06/10/2026
Lightspeed Ultimate General Partner Select IV, L.L.C.
Signature:/s/ Ravi Mhatre
Name/Title:By Ravi Mhatre, Managing Member
Date:06/10/2026
Lightspeed Venture Partners Select, L.P.
Signature:/s/ Ravi Mhatre
Name/Title:See Note 2
Date:06/10/2026
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:06/10/2026
Lightspeed Ultimate General Partner Select, Ltd.
Signature:/s/ Ravi Mhatre
Name/Title:By Ravi Mhatre, Director
Date:06/10/2026
Lightspeed Venture Partners VIII, L.P.
Signature:/s/ Ravi Mhatre
Name/Title:See Note 3
Date:06/10/2026
Lightspeed General Partner VIII, L.P.
Signature:/s/ Ravi Mhatre
Name/Title:By Lightspeed Ultimate General Partner VIII, Ltd., its General Partner, By Ravi Mhatre, Director
Date:06/10/2026
Lightspeed Ultimate General Partner VIII, Ltd.
Signature:/s/ Ravi Mhatre
Name/Title:By Ravi Mhatre, Director
Date:06/10/2026
LSVP VIII Trust
Signature:/s/ Ravi Mhatre
Name/Title:By Lightspeed Trustee VIII, LLC, its Trustee, By Ravi Mhatre, Member
Date:06/10/2026
Lightspeed Trustee VIII, LLC
Signature:/s/ Ravi Mhatre
Name/Title:By Ravi Mhatre, Member
Date:06/10/2026
Comments accompanying signature:
Note 1 By Lightspeed General Partner Select IV, L.P., its General Partner, By Lightspeed Ultimate General Partner Select IV, L.L.C., its General Partner, By Ravi Mhatre, Managing Member 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 VIII, L.P., its General Partner, By Lightspeed Ultimate General Partner VIII, Ltd., its General Partner, By Ravi Mhatre, Director

FAQ

What ownership stake does Lightspeed report in Personalis (PSNL)?

Lightspeed-affiliated entities report beneficial ownership of 6,101,850 Personalis shares, equal to 5.8% of outstanding common stock. This percentage is based on 104,721,098 shares outstanding as of April 29, 2026, as disclosed in Personalis’s Form 10-Q.

Which Lightspeed funds hold Personalis (PSNL) shares in this filing?

The filing lists Lightspeed Venture Partners Select IV, Lightspeed Venture Partners Select and Lightspeed Venture Partners VIII as direct holders. Related general partners, ultimate general partners, a trust and a trustee are also reporting persons because they share voting or dispositive power over these Personalis shares.

How many Personalis (PSNL) shares does each main Lightspeed fund hold?

Lightspeed Venture Partners Select IV directly holds 2,084,240 shares, Lightspeed Venture Partners Select holds 1,958,726 shares and Lightspeed Venture Partners VIII holds 2,058,884 shares. Together these positions total 6,101,850 Personalis common shares reported as beneficially owned.

What transaction did LSVP VIII Trust report involving Personalis (PSNL) shares?

On June 8, 2026, LSVP VIII Trust made a pro rata in-kind distribution of 2,058,884 Personalis shares held by Lightspeed VIII to its beneficiaries. Those beneficiaries include LGP VIII and the limited partners of Lightspeed VIII, and no additional consideration was paid for the distribution.

What happened to the 551,521 Personalis (PSNL) shares received by LGP VIII?

Of the shares distributed by LSVP VIII Trust, LGP VIII received 551,521 Personalis shares. LGP VIII then made a pro rata in-kind distribution of these shares to its members, again for no additional consideration, further spreading ownership among its stakeholders.

Over what share count is Lightspeed’s Personalis (PSNL) ownership percentage calculated?

The 5.8% ownership figure for Lightspeed’s group is calculated using 104,721,098 Personalis common shares outstanding as of April 29, 2026. That share count comes from Personalis’s Form 10-Q filed with the SEC on May 7, 2026.

Were there other recent Personalis (PSNL) transactions by Lightspeed entities?

The reporting group states that, except for the June 8, 2026 in-kind distributions described, none of the reporting persons effected transactions in Personalis securities during the previous sixty days. This limits recent activity to internal reallocations among Lightspeed-related entities.