The integration of communication and sensing functions within mmWave systems has gained attention due to the potential for enhanced passive sensing and improved communication reliability. State-of-the-art techniques separate these two functions in frequency, use of hardware, or time, i.e., sending known preambles for channel sensing or unknown symbols for communications. In this paper, we introduce Panoptic, a novel system architecture for integrated communication and sensing sharing the same hardware, frequency, and time resources. Panoptic jointly detects unknown symbols and channel components from data-modulated signals. The core idea is a new beam manipulation technique, which we call compressive sidelobe forming, that maintains a directional mainlobe toward the intended communication nodes while acquiring unique spatial information through pseudorandom sidelobe perturbations. We implemented Panoptic on 60 GHz mmWave radios and conducted extensive over-the-air experiments. Our results show that Panoptic achieves reflector angular localization error of less than 2°while at the same time supporting mmWave data communication with a negligible BER penalty when compared with conventional communication-only mmWave systems.