Sanjit Biswas - Sep 15, 2023 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of Sanjit Biswas
Stock symbol
IOT
Transactions as of
Sep 15, 2023
Transactions value $
-$3,822,760
Form type
4
Date filed
9/19/2023, 05:23 PM
Previous filing
Sep 14, 2023
Next filing
Sep 22, 2023

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 +127K +7.44% $0.00 1.83M Sep 15, 2023 Direct F1
transaction IOT Class A Common Stock Sale -$3.42M -126K -6.89% $27.16 1.7M Sep 15, 2023 Direct F1, F2, F3
transaction IOT Class A Common Stock Sale -$402K -14.4K -0.85% $27.91 1.69M Sep 15, 2023 Direct F1, F2, F4
holding IOT Class A Common Stock 1.08M Sep 15, 2023 See footnote 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 Options Exercise $0 -127K -18.75% $0.00 549K Sep 15, 2023 Class B Common Stock 127K Direct F6, F7, F8
transaction IOT Class B Common Stock Options Exercise $0 +127K $0.00 127K Sep 15, 2023 Class A Common Stock 127K $0.00 Direct F8
transaction IOT Class B Common Stock Conversion of derivative security $0 -127K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 127K $0.00 Direct F8
holding IOT Class B Common Stock 84.4M Sep 15, 2023 Class A Common Stock 84.4M $0.00 See footnote F5, F8
holding IOT Class B Common Stock 4.16M Sep 15, 2023 Class A Common Stock 4.16M $0.00 See footnote F8, F9
holding IOT Class B Common Stock 17.3M Sep 15, 2023 Class A Common Stock 17.3M $0.00 See footnote F8, F10
holding IOT Class B Common Stock 790K Sep 15, 2023 Class A Common Stock 790K $0.00 See footnote F8, F11
holding IOT Class B Common Stock 250K Sep 15, 2023 Class A Common Stock 250K $0.00 See footnote F8, F12
holding IOT Class B Common Stock 250K Sep 15, 2023 Class A Common Stock 250K $0.00 See footnote F8, F13
holding IOT Class B Common Stock 250K Sep 15, 2023 Class A Common Stock 250K $0.00 See footnote F8, F14
holding IOT Class B Common Stock 250K Sep 15, 2023 Class A Common Stock 250K $0.00 See footnote F8, F15
holding IOT Class B Common Stock 1.29M Sep 15, 2023 Class A Common Stock 1.29M $0.00 See footnote F8, F16
holding IOT Class B Common Stock 790K Sep 15, 2023 Class A Common Stock 790K $0.00 See footnote F8, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Certain of these securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F2 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.
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 $26.77 to $27.76, 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 range set forth herein.
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 $27.77 to $28.06, 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 range set forth herein.
F5 Consists of shares held by SB and HB, Co-Trustees of the Biswas Family Trust u/a/d 7/13/2012, over which the Reporting Person has voting or investment power.
F6 The reported shares represent RSUs, of which 126,628 shares vested on September 15, 2023 and the remaining shares vest in quarterly installments through December 15, 2024.
F7 Each RSU represents a contingent right to receive one share of 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 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
F10 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust II u/a/d 10/14/2021, over which the Reporting Person has voting or investment power.
F11 Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2023 Annuity Trust u/a/d 1/16/2023, over which the Reporting Person has voting or investment power.
F12 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
F13 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo REB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
F14 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo NAmB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
F15 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I-A fbo NAlB u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
F16 Consists of shares held by the Reporting Person's spouse.
F17 Consists of shares held by HB, Trustee of the HB 2023 Annuity Trust u/a/d 1/16/2023, over which the Reporting Person has voting or investment power.