Hemant Taneja - Dec 17, 2021 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Director, 10%+ Owner
Signature
/s/ Christopher McCain, attorney-in-fact on behalf of Hemant Taneja
Stock symbol
IOT
Transactions as of
Dec 17, 2021
Transactions value $
$46,000,000
Form type
4
Date filed
12/21/2021, 08:53 PM
Previous filing
Dec 14, 2021
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Purchase $46M +2M $23.00 2M Dec 17, 2021 See footnote 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 Series C Preferred Stock Conversion of derivative security $0 -21.2M -100% $0.00* 0 Dec 17, 2021 Class B Common Stock 21.2M $0.00 See footnotes F2, F3, F4, F5
transaction IOT Class B Common Stock Conversion of derivative security $0 +21.2M $0.00 21.2M Dec 17, 2021 Class A Common Stock 21.2M $0.00 See footnotes F2, F3, F4, F5
transaction IOT Series D Preferred Stock Conversion of derivative security $0 -5M -100% $0.00* 0 Dec 17, 2021 Class B Common Stock 5M $0.00 See footnotes F2, F3, F4, F6
transaction IOT Class B Common Stock Conversion of derivative security $0 +5M $0.00 5M Dec 17, 2021 Class A Common Stock 5M $0.00 See footnotes F2, F3, F4, F6
transaction IOT Series E Preferred Stock Conversion of derivative security $0 -5.63M -100% $0.00* 0 Dec 17, 2021 Class B Common Stock 5.63M $0.00 See footnotes F2, F3, F4, F7
transaction IOT Class B Common Stock Conversion of derivative security $0 +5.63M $0.00 5.63M Dec 17, 2021 Class A Common Stock 5.63M $0.00 See footnotes F2, F3, F4, F7
transaction IOT Series F Preferred Stock Conversion of derivative security $0 -13.6M -100% $0.00* 0 Dec 17, 2021 Class B Common Stock 13.6M $0.00 See footnotes F2, F3, F4, F8
transaction IOT Class B Common Stock Conversion of derivative security $0 +13.6M $0.00 13.6M Dec 17, 2021 Class A Common Stock 13.6M $0.00 See footnotes F2, F3, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Issuer's initial public offering of Class A Common Stock, General Catalyst Group XI-Endurance, L.P. ("GCGXIE") purchased shares of Class A Common Stock from the underwriters at the initial public offering price. General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of General Catalyst Group Management Holdings, L.P. ("GCGMH"), which is the manager of General Catalyst Group Management, LLC ("GCGM LLC"), which is the manager of General Catalyst Endurance GP XI, LLC, which is the general partner of General Catalyst Partners XI - Endurance, L.P., which is the general partner GCGXIE. Kenneth Chenault, Joel Cutler, David Fialkow and the Reporting Person are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCGXIE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F2 Each share of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock automatically converted into Class B Common Stock on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. 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 GCGMH LLC is the general partner of GCGMH, which is the manager of GCGM, LLC, which is (a) the manager of GC Venture VIII Manager, LLC ("GCVVIII Manager"), which is the manager of General Catalyst Group VIII, L.P. ("GCGVIII"), (b) the manager of GC Venture VIII-B Manager, LLC, which is the manager of GC Venture VIII-B, LLC ("GCVVIIIB"), (c) the manager of General Catalyst GP VIII, LLC ("GCGPVIII"), which is the general partner of General Catalyst Partners VIII, L.P., which is the general partner of General Catalyst Group VIII, L.P. ("GCGVIII") and General Catalyst Group VIII Supplemental, L.P. ("GCGVIIIS") and
F4 (d) the manager of General Catalyst GP X - Growth Venture LLC, which is the general partner of General Catalyst Partners X - Growth Venture, L.P., which is the general partner of General Catalyst Group X - Endurance, L.P. ("GCGXE"). Kenneth Chenault, Joel Cutler, David Fialkow and the Reporting Person are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCVVIII, GCVVIIIB, GCGVIIIS, GCGVIII and GCGXE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 Consists of 10,616,172 shares held of record by GCGVIIIS and 10,616,172 shares held of record by GCGVIII.
F6 Consists of 2,500,540 shares held of record by GCGVIIIS and 2,500,540 shares held of record by GCGVIII.
F7 Consists of 3,943,716 shares held of record by GCVVIII, 845,082 shares held of record by GCGVIIIS and 845,082 shares held of record by GCGVIII.
F8 Consists of 8,588,813 shares held of record GCGVIII, 226,021 shares held of record by GCGVIIIS, 226,021 shares held of record by GCGVIII and 4,520,428 shares held of record by GCGXE.