That is incorrect. The shares of Khosla Ventures and Sequoia Capital are shown both in the &quot;5% Stockholders&quot; and again shown in the &quot;Executive Officers and Directors&quot; section since both firms also hold seats on the board. Also, investors holding &lt;5% stake are not represented.<p>The real math is 33.6% to investors holding a &gt;5% stake, 38.8% to execs &amp; directors, and 27.6% not represented (probably a mix of investors and the employee option pool)