Netskope director Arif Janmohamed sold 1.65 million Class A shares held indirectly through Lightspeed Opportunity Fund for approximately $15.1 million, according to an SEC filing. The sale represented 100% of his indirect Class A holdings, with each share converted from Class B immediately prior to the transaction. Lightspeed Opportunity Fund continues to hold 2.69 million Class B shares, which remain convertible and provide ongoing exposure to Netskope. The sale is attributed to Janmohamed raising funds for a new venture capital firm focused on AI and tech investments, rather than a bearish outlook on the company. Netskope, a cloud security provider with a market capitalization of $3.66 billion, went public in September at $19 per share and closed at $9.15 on June 15, 2026.
Netskope, Inc. Class A Common StockDirector sold 100% of indirect Class A shares, but attributed to raising funds for new VC firm, not bearish outlook.