GC Venture VIII-B, LLC - 17 Sep 2024 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: /s/ Christopher McCain
Issuer symbol
IOT
Transactions as of
17 Sep 2024
Net transactions value
-$1,112,197
Form type
4
Filing time
19 Sep 2024, 21:07:37 UTC
Previous filing
17 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Other $0 -2,998,022 -100% $0.000000 1,978 17 Sep 2024 Direct F1, F2, F3, F4
transaction IOT Class A Common Stock Sale $91,858 -1,978 -100% $46.44 0 17 Sep 2024 Direct F2, F3, F4, F5
transaction IOT Class A Common Stock Other $0 +185,926 $0.000000 185,926 17 Sep 2024 Directly held by GC Venture VIII-B Manager, LLC F2, F3, F4, F6
transaction IOT Class A Common Stock Other $0 -185,926 -100% $0.000000 0 17 Sep 2024 Directly held by GC Venture VIII-B Manager, LLC F2, F3, F4, F7
transaction IOT Class A Common Stock Other $0 +21,346 $0.000000 21,346 18 Sep 2024 Directly held by GCGM Investment Holdings, LP F2, F3, F4, F8
transaction IOT Class A Common Stock Sale $1,020,339 -21,346 -100% $47.80 0 18 Sep 2024 Directly held by GCGM Investment Holdings, LP F2, F3, F4, F9
holding IOT Class A Common Stock 2,000,000 17 Sep 2024 Directly held by General Catalyst Group XI - Endurance, L.P. F10

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
holding IOT Class B Common Stock 11,187,815 17 Sep 2024 Class A Common Stock 11,187,815 $0.000000 Directly held by General Catalyst Group VIII, L.P. F11
holding IOT Class B Common Stock 5,588,813 17 Sep 2024 Class A Common Stock 5,588,813 $0.000000 Direct F2, F3, F4, F11
holding IOT Class B Common Stock 4,520,428 17 Sep 2024 Class A Common Stock 4,520,428 $0.000000 Directly held by General Catalyst Group X - Endurance, L.P. F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

GC Venture VIII-B, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Effective September 17, 2024, GC Venture VIII-B, LLC ("GCVVIIIB"), a venture capital partnership, distributed in-kind on a pro-rata basis, without consideration, a total of 2,998,022 shares of Class A Common Stock of the Issuer to its general and limited partners.
F2 General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of GCGM Investment Holdings, LP ("GCGM IH") and 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-B Manager, LLC, which is the manager of GCVVIIIB, and (b) the manager of General Catalyst GP VIII, LLC ("GCGPVIII"), which is the general partner of General Catalyst Partners VIII, L.P. ("GCPVIII"), which is the general partner of General Catalyst Group VIII, L.P. ("GCGVIII"),
F3 (Continued from Footnote 2) 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").
F4 (Continued from Footnote 3) Each party named above disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $46.4392 to $47.4391, inclusive. The Reporting Persons undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
F6 Represents shares previously reported as held through GCVVIIIB.
F7 Effective September 17, 2024, GCVVIIIB Manager, a venture capital partnership, distributed in-kind on a pro-rata basis, without consideration, a total of 185,926 shares of Class A Common Stock of the Issuer to its general and limited partners.
F8 Represents shares previously reported as held through GCVVIIIB Manager.
F9 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $47.63 to $48.63, inclusive. The Reporting Persons undertakes to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote of this Form 4.
F10 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. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F11 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.