Kiren Sekar - Sep 15, 2022 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Executive Vice President, Chief Strategy Officer
Signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of Kiren Sekar
Stock symbol
IOT
Transactions as of
Sep 15, 2022
Transactions value $
-$951,723
Form type
4
Date filed
9/19/2022, 05:35 PM
Previous filing
Jun 17, 2022
Next filing
Sep 27, 2022

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 +138K +52.07% $0.00 402K Sep 15, 2022 Direct
transaction IOT Class A Common Stock Sale -$689K -57K -14.19% $12.08 345K Sep 15, 2022 Direct F1, F2
transaction IOT Class A Common Stock Sale -$263K -20.8K -6.05% $12.63 324K Sep 15, 2022 Direct F1, 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 Options Exercise $0 -138K -10.71% $0.00 1.15M Sep 15, 2022 Class B Common Stock 138K Direct F4, F5, F6
transaction IOT Class B Common Stock Options Exercise $0 +138K +21.43% $0.00 779K Sep 15, 2022 Class A Common Stock 138K $0.00 Direct F6
transaction IOT Class B Common Stock Conversion of derivative security $0 -138K -17.65% $0.00 642K Sep 15, 2022 Class A Common Stock 138K $0.00 Direct F6
holding IOT Class B Common Stock 1.3M Sep 15, 2022 Class A Common Stock 1.3M $0.00 See footnote F6, F7
holding IOT Class B Common Stock 4.2M Sep 15, 2022 Class A Common Stock 4.2M $0.00 See footnote F6, F8
* 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 $11.53 to $12.52 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 "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 $12.54 to $12.72 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.
F4 The reported shares are represented by RSUs, of which 137,500 shares vested on September 15, 2022 and the remaining shares vest in quarterly installments through December 15, 2024.
F5 Each RSU represents a contingent right to receive one share of Issuer Class B Common Stock.
F6 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.
F7 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.
F8 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 Strategy Officer