Kiren Sekar - 15 Jun 2022 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
15 Jun 2022
Net transactions value
-$769,890
Form type
4
Filing time
17 Jun 2022, 19:38:33 UTC
Previous filing
17 Mar 2022
Next filing
19 Sep 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 +137,500 +70% $0.000000 334,107 15 Jun 2022 Direct
transaction IOT Class A Common Stock Sale $769,890 -70,062 -21% $10.99 264,045 15 Jun 2022 Direct F1, F2

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 Options Exercise $0 -137,500 -9.7% $0.000000 1,283,334 15 Jun 2022 Class B Common Stock 137,500 Direct F3, F4, F5
transaction IOT Class B Common Stock Options Exercise $0 +137,500 +21% $0.000000 779,166 15 Jun 2022 Class A Common Stock 137,500 $0.000000 Direct F5
transaction IOT Class B Common Stock Conversion of derivative security $0 -137,500 -18% $0.000000 641,666 15 Jun 2022 Class A Common Stock 137,500 $0.000000 Direct F5
holding IOT Class B Common Stock 1,300,000 15 Jun 2022 Class A Common Stock 1,300,000 $0.000000 See footnote F5, F6
holding IOT Class B Common Stock 4,195,914 15 Jun 2022 Class A Common Stock 4,195,914 $0.000000 See footnote F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were disposed of in non-discretionary transactions to cover the reporting person's tax withholding obligations in connection with the settlement of awards of RSUs.
F2 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 $10.68 to $11.3201 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.
F3 The reported shares are represented by RSUs, of which 137,500 vested on June 15, 2022 and the remaining shares vest in quarterly installments through December 15, 2024.
F4 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F5 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.
F6 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.
F7 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.

Remarks:

Executive Vice President, Chief Product Officer