Kiren Sekar - Dec 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
Dec 15, 2022
Transactions value $
-$969,722
Form type
4
Date filed
12/19/2022, 07:27 PM
Previous filing
Sep 27, 2022
Next filing
Dec 21, 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 +39.15% $0.00 489K Dec 15, 2022 Direct
transaction IOT Class A Common Stock Sale -$970K -78.6K -16.08% $12.34 410K Dec 15, 2022 Direct F1, F2
transaction IOT Class A Common Stock Conversion of derivative security $0 +184K $0.00 184K Dec 19, 2022 See footnote F3
transaction IOT Class A Common Stock Gift $0 -184K -100% $0.00* 0 Dec 19, 2022 See footnote 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 -12% $0.00 1.01M Dec 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 Dec 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 Dec 15, 2022 Class A Common Stock 138K $0.00 Direct F6
transaction IOT Class B Common Stock Conversion of derivative security $0 -184K -4.38% $0.00 4.01M Dec 19, 2022 Class A Common Stock 184K $0.00 See footnote F3, F6
holding IOT Class B Common Stock 1.3M Dec 15, 2022 Class A Common Stock 1.3M $0.00 See footnote F6, 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 $12.04 to $13.01 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 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.
F4 The reported shares are represented by RSUs, of which 137,500 shares vested on December 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.

Remarks:

Executive Vice President, Chief Strategy Officer