General Catalyst Group VIII, L.P. - Mar 13, 2023 Form 4 Insider Report for Samsara Inc. (IOT)

Role
10%+ Owner
Signature
General Catalyst Group VIII, LP, By: General Catalyst Partners VIII, L.P., Its General Partner, By: General Catalyst GP VIII, LLC, Its General Partner; By: Christopher McCain
Stock symbol
IOT
Transactions as of
Mar 13, 2023
Transactions value $
-$56,580,000
Form type
4
Date filed
3/15/2023, 09:37 PM

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 +3M $0.00 3M Mar 13, 2023 Directly held by General Catalyst Group VIII, L.P. F1, F2
transaction IOT Class A Common Stock Sale -$56.6M -3M -100% $18.86 0 Mar 13, 2023 Direct
holding IOT Class A Common Stock 2M Mar 13, 2023 Directly held by General Catalyst Group XI - Endurance, L.P. F3

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 Conversion of derivative security $0 -3M -21.14% $0.00 11.2M Mar 13, 2023 Class A Common Stock 3M $0.00 Directly held by General Catalyst Group VIII, L.P. F4
holding IOT Class B Common Stock 14.2M Mar 13, 2023 Class A Common Stock 14.2M $0.00 Directly held by General Catalyst Group VIII Supplemental, L.P. F4
holding IOT Class B Common Stock 3.94M Mar 13, 2023 Class A Common Stock 3.94M $0.00 Directly held by GC Venture VIII, LLC F4
holding IOT Class B Common Stock 8.59M Mar 13, 2023 Class A Common Stock 8.59M $0.00 Directly held by GC Venture VIII-B, LLC F4
holding IOT Class B Common Stock 4.52M Mar 13, 2023 Class A Common Stock 4.52M $0.00 Directly held by General Catalyst Group X - Endurance, L.P. F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 (a) the manager of GC Venture VIII Manager, LLC ("GCVVIII Manager"), which is the manager of GC Venture VIII, LLC ("GCVVIII"), (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 (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").
F2 (Continued from Footnote 1) Kenneth Chenault, Joel Cutler, David Fialkow and Hemant Taneja 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.
F3 GCGMH LLC is the general partner of GCGMH, which is the manager of 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 of General Catalyst Group XI - Endurance, L.P. ("GCGXIE"). Kenneth Chenault, Joel Cutler, David Fialkow and Hemant Taneja 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.
F4 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.