Lightspeed General Partner Select Ii, LP

Lightspeed Venture Partners Select LP sells 229.7K shares of Netskope at $12.21 avg for $2.8M, retaining derivative holdings.

Lightspeed Venture Partners Select, LP, a 10% owner, executed 2 separate sales totaling 229,696 shares for $2,803,552.95 on 2026-07-08 and 2026-07-09, liquidating its non-derivative holdings in Netskope while retaining Class B Common Stock via two other Lightspeed entities. The company carries significant operational losses ($-116,496,000.00 net income in the latest period) despite strong annual revenue growth of +31.7%, signaling continued unprofitability that may constrain near-term performance. The sale price of $12.21 average sits 55.6% below the 52-week high of $27.99, and the stock is currently at $12.42, up 38.0% over 30 days and 43.2% over 90 days—price movement that may reflect broader recovery momentum rather than insider conviction in this particular vehicle's prospects.

Lightspeed Venture Partners Select II sold 475,869 shares of NAVN for $9.1M across 3 trades at blended avg $19.12

Lightspeed Venture Partners Select II, a 10% owner, executed 3 separate sales totaling 475,869 shares for $9,098,183.58 between June 16–17, 2026, reducing its stake by 17.3% to 2,280,989 shares post-transaction. The blended average sale price of $19.12 sits notably below the current price of $21.91, meaning the exit predated recent upward momentum (+16.0% over 30 days, +147.0% over 90 days). The company is unprofitable (net income of $-225,389,000.00 in the latest full fiscal year) despite strong top-line growth of +30.8% year-over-year and a recent quarterly revenue of $194,934,000.00; Navan trades at a $1.0B market cap. A sizable reduction in a founding venture investor's position against a backdrop of improving near-term price action and persistent losses warrants investor attention to the vendor's stated rationale and broader fund lifecycle dynamics.

Lightspeed Venture Partners Select sold 1,650,000 shares (1.65M) for $15,099,627.13 across 2 transactions at blended $9.15, while retaining derivative holdings.

Lightspeed Venture Partners Select, a 10% owner, executed 2 separate sales totaling 1,650,000 shares for $15,099,627.13, reducing non-derivative holdings from 1,650,000 shares to 0 while retaining 2,690,640 derivative shares through Lightspeed Opportunity Fund, L.P. The stock has declined 68.0% from its 52-week high of $27.99 and fallen 20.2% over the past 30 days, trading at $8.95 versus the blended sale price of $9.15. The company reported net income of $-116,496,000.00 against latest-quarter revenue of $201,592,000.00, reflecting significant unprofitability despite 31.7% annual revenue growth. The disposition of non-derivative shares alongside maintained derivative exposure warrants attention to whether this reflects shifts in the fund's capital deployment strategy or confidence posture toward the company.

Lightspeed Venture Partners Select II sold 2,024,131 shares (42.3% of holdings) for $40,862,524.89 across 5 transactions on 2026-06-12 and 2026-06-15.

Lightspeed Venture Partners Select II, a 10% owner of NAVN, executed 5 separate sales totaling 2,024,131 shares for $40,862,524.89, reducing its stake from 4,780,989 shares to 2,756,858 shares (a -42.3% reduction). The sales occurred at prices ranging from $19.77 to $20.91, with a blended average of $20.19, marginally above the current price of $20.10. This represents a material stake reduction by a major VC holder concurrent with the company's unfavorable fundamentals: NAVN is unprofitable (net income of $-225,389,000.00 in its most recent full fiscal year) despite strong revenue growth of +30.8% year-over-year. The divestiture signals a structural shift in the VC's position in an early-stage, cash-burning venture, though the transaction occurred at price levels consistent with recent trading rather than at a pronounced discount or premium.