Dominic Phillips - Dec 14, 2021 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Executive Vice President, Chief Financial Officer
Signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of Dominic Phillips
Stock symbol
IOT
Transactions as of
Dec 14, 2021
Transactions value $
$0
Form type
4
Date filed
12/16/2021, 07:45 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Conversion of derivative security $0 +2.41M $0.00 2.41M Dec 14, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IOT Class B Common Stock Award $0 +2.8M $0.00 2.8M Dec 14, 2021 Class B Common Stock 2.8M $0.00 Direct F1, F2
transaction IOT Class B Common Stock Tax liability $0 -394K -14.06% $0.00 2.41M Dec 14, 2021 Class A Common Stock 394K $0.00 Direct F1, F2, F3
transaction IOT Class B Common Stock Conversion of derivative security $0 -2.41M -100% $0.00* 0 Dec 14, 2021 Class A Common Stock 2.41M $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares are represented by restricted stock units, or RSUs, of which 1,243,956 vested upon the effectiveness of the Issuer's registration statement in connection with its initial public offering of Class A Common Stock and the remaining shares vest as follows: (i) 885,900 vest in quarterly installments beginning on March 15, 2022 through December 15, 2023, (ii) 245,036 vest in quarterly installments beginning on March 15, 2022 through December 15, 2023 and (iii) 429,476 vest in quarterly installments beginning on March 15, 2022 through March 15, 2025.
F2 The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.
F3 In an exempt disposition to the Issuer under Rule 16b-3(e), the Reporting Person remitted shares to the Issuer in connection with the satisfaction of tax withholding obligations arising out of the vesting of RSUs.

Remarks:

Executive Vice President, Chief Financial Officer