Sanjit Biswas - Dec 20, 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
Dec 20, 2023
Transactions value $
-$4,260,293
Form type
4
Date filed
12/21/2023, 09:04 PM
Previous filing
Dec 19, 2023
Next filing
Dec 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Sale -$2.17M -65.2K -21.77% $33.22 234K Dec 20, 2023 See footnote F1, F2, F3, F4
transaction IOT Class A Common Stock Sale -$1.42M -41.9K -17.87% $33.99 193K Dec 20, 2023 See footnote F1, F4, F5
transaction IOT Class A Common Stock Sale -$669K -20.2K -10.48% $33.15 172K Dec 21, 2023 See footnote F1, F4, F6
transaction IOT Class A Common Stock Conversion of derivative security $0 +896K +519.6% $0.00 1.07M Dec 21, 2023 See footnote F4
transaction IOT Class A Common Stock Gift $0 -896K -83.86% $0.00 172K Dec 21, 2023 See footnote F4
holding IOT Class A Common Stock 1.25M Dec 20, 2023 Direct F3, F7

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 -896K -1.06% $0.00 83.5M Dec 21, 2023 Class A Common Stock 896K $0.00 See footnote F4, F8
holding IOT Class B Common Stock 4.16M Dec 20, 2023 Class A Common Stock 4.16M $0.00 See footnote F8, F9
holding IOT Class B Common Stock 17.3M Dec 20, 2023 Class A Common Stock 17.3M $0.00 See footnote F8, F10
holding IOT Class B Common Stock 790K Dec 20, 2023 Class A Common Stock 790K $0.00 See footnote F8, F11
holding IOT Class B Common Stock 250K Dec 20, 2023 Class A Common Stock 250K $0.00 See footnote F8, F12
holding IOT Class B Common Stock 250K Dec 20, 2023 Class A Common Stock 250K $0.00 See footnote F8, F13
holding IOT Class B Common Stock 250K Dec 20, 2023 Class A Common Stock 250K $0.00 See footnote F8, F14
holding IOT Class B Common Stock 250K Dec 20, 2023 Class A Common Stock 250K $0.00 See footnote F8, F15
holding IOT Class B Common Stock 1.29M Dec 20, 2023 Class A Common Stock 1.29M $0.00 See footnote F8, F16
holding IOT Class B Common Stock 790K Dec 20, 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 The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan, entered into prior to the effectiveness of the revised requirements of Rule 10b5-1(c). In compliance with SEC guidance, the Reporting Person has not checked the box above but states that the Rule 10b5-1 trading plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
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 $32.76 to $33.755, 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.
F3 The number of shares held reflects the transfer of 252,538 shares of Class A Common Stock from the Reporting Person to 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 (the "Biswas Family Trust").
F4 Consists of shares held by the Biswas Family Trust.
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 $33.76 to $34.235, 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.
F6 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 $32.84 to $33.805, 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.
F7 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.
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.