Kiren Sekar - 22 Dec 2021 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Executive Vice President, Chief Product Officer
Signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of Kiren Sekar
Issuer symbol
IOT
Transactions as of
22 Dec 2021
Net transactions value
-$807,753
Form type
4
Filing time
17 Mar 2022, 21:13:29 UTC
Previous filing
14 Dec 2021
Next filing
17 Jun 2022
SEC
View on sec.gov

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 +180,000 $0.000000 180,000 22 Dec 2021 See footnote F1
transaction IOT Class A Common Stock Gift $0 -180,000 -100% $0.000000* 0 22 Dec 2021 See footnote F1
transaction IOT Class A Common Stock Conversion of derivative security $0 +137,500 $0.000000 137,500 15 Mar 2022 Direct
transaction IOT Class A Common Stock Award $0 +119,641 +87% $0.000000 257,141 15 Mar 2022 Direct F2
transaction IOT Class A Common Stock Sale $574,029 -43,596 -17% $13.17 213,545 15 Mar 2022 Direct F3, F4
transaction IOT Class A Common Stock Sale $233,724 -16,938 -7.9% $13.80 196,607 15 Mar 2022 Direct F3, F5

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 -180,000 -4.1% $0.000000 4,195,914 22 Dec 2021 Class A Common Stock 180,000 See footnote F1, F6, F7, F8
transaction IOT Class B Common Stock Options Exercise $0 -779,166 -35% $0.000000 1,420,834 15 Mar 2022 Class B Common Stock 779,166 $0.000000 Direct F9
transaction IOT Class B Common Stock Options Exercise $0 +779,166 $0.000000 779,166 15 Mar 2022 Class A Common Stock 779,166 $0.000000 Direct F9
transaction IOT Class B Common Stock Conversion of derivative security $0 -137,500 -18% $0.000000 641,666 15 Mar 2022 Class B Common Stock 137,500 $0.000000 Direct F9
holding IOT Class B Common Stock 1,300,000 22 Dec 2021 Class B Common Stock 1,300,000 $0.000000 See footnote F8, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of shares held by KRS and CCS, Co-Trustees of The Sekar Family Revocable Trust u/a/d 5/20/2013, over which Mr. Sekar has voting or investment power.
F2 Includes 119,641 restricted stock units, or RSUs, granted on March 15, 2022 that vest in 16 equal quarterly installments following March 17, 2022.
F3 These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations in connection with the settlement of an award of RSUs.
F4 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $12.65 to $13.62 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $13.66 to $14.12 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F6 The reported shares are represented by RSUs, of which 641,666 vested on December 14, 2021 that were previously reported, 137,500 vested on March 15, 2022 and the remaining shares vest in quarterly installments through December 15, 2024.
F7 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F8 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.
F9 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.
F10 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Sekar Family Irrevocable Trust u/a/d 1/26/2021, over which Mr. Sekar has voting or investment power.

Remarks:

Executive Vice President, Chief Product Officer