Adam Eltoukhy - Mar 15, 2024 Form 4 Insider Report for Samsara Inc. (IOT)

Signature
/s/ Adam Eltoukhy
Stock symbol
IOT
Transactions as of
Mar 15, 2024
Transactions value $
-$1,349,105
Form type
4
Date filed
3/19/2024, 08:27 PM
Previous filing
Mar 13, 2024
Next filing
Apr 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Sale -$820K -23.6K -4.19% $34.80 539K Mar 15, 2024 Direct F1, F2, F3, F4
transaction IOT Class A Common Stock Sale -$137K -3.86K -0.72% $35.58 535K Mar 15, 2024 Direct F1, F3, F5
transaction IOT Class A Common Stock Sale -$118K -3.3K -0.6% $35.77 543K Mar 19, 2024 Direct F3, F6, F7, F8
transaction IOT Class A Common Stock Sale -$274K -7.44K -1.37% $36.78 535K Mar 19, 2024 Direct F3, F6, F9
holding IOT Class A Common Stock 216K Mar 15, 2024 See footnote F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 restricted stock units (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 $34.43 to $35.425, 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 Certain of these securities are 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.
F4 The number of shares held reflects the transfer of 31,580 shares of Class A Common Stock from the Reporting Person to AE and NS, Co-Trustees of the ES Trust, over which the Reporting Person has voting or investment power (the "ES 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 $35.49 to $35.68, 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.
F6 The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted September 11, 2023.
F7 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 $35.29 to $36.28, 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.
F8 The number of shares held reflects the transfer of 10,737 shares of Class A Common Stock from the ES Trust to Reporting Person.
F9 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 $36.29 to $37.00, 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.
F10 The number of shares held reflects the transfer of 31,580 shares of Class A Common Stock from the Reporting Person to the ES Trust on March 15, 2024, and the transfer of 10,737 shares of Class A Common Stock from the ES Trust to the Reporting Person on March 19, 2024.
F11 Consists of shares held by the ES Trust.

Remarks:

Executive Vice President, Chief Legal Officer and Secretary