John Bicket - 26 Mar 2024 Form 4 Insider Report for Samsara Inc. (IOT)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
28 Mar 2024, 16:15:00 UTC
Prior SEC filing
21 Mar 2024
Next SEC filing
03 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of John Bicket

Key filing fact

John Bicket filed Form 4 for Samsara Inc. (IOT) on 28 Mar 2024.

Key facts

  • This page summarizes John Bicket's Form 4 filing for Samsara Inc. (IOT).
  • 8 reported transactions and 11 derivative rows are listed below.
  • Accepted by SEC: 28 Mar 2024, 16:15.

Change

  • Previous filing in this sequence was filed on 21 Mar 2024.
  • Current net transaction value: -$3,768,628.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IOT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+960,000
Change %
+276%
Price
$0.000000
Shares after
1,307,382
Date
26 Mar 2024
Ownership
See footnote
Footnotes
F1
IOT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+57,600
Change %
+300%
Price
$0.000000
Shares after
76,800
Date
26 Mar 2024
Ownership
See footnote
Footnotes
F2
IOT transaction

Class A Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+230,400
Change %
+300%
Price
$0.000000
Shares after
307,200
Date
26 Mar 2024
Ownership
See footnote
Footnotes
F3
IOT transaction

Class A Common Stock

Sale

Transaction value
$3,299,850
Shares
-84,182
Change %
-6.4%
Price
$39.20
Shares after
1,223,200
Date
26 Mar 2024
Ownership
See footnote
Footnotes
F4, F5, F6
IOT transaction

Class A Common Stock

Sale

Transaction value
$468,778
Shares
-11,818
Change %
-0.97%
Price
$39.67
Shares after
1,211,382
Date
26 Mar 2024
Ownership
See footnote
Footnotes
F4, F6, F7
IOT holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
413,810
Date
26 Mar 2024
Ownership
Direct
Footnotes
F8

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IOT transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-960,000
Change %
-1.2%
Price
$0.000000
Shares after
80,131,081
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
960,000
Exercise price
$0.000000
Footnotes
F6, F9
IOT transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-57,600
Change %
-1.3%
Price
$0.000000
Shares after
4,332,364
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
57,600
Exercise price
$0.000000
Footnotes
F2, F9
IOT transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value
$0
Shares
-230,400
Change %
-1.4%
Price
$0.000000
Shares after
16,774,564
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
230,400
Exercise price
$0.000000
Footnotes
F3, F9
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,283,986
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
1,283,986
Exercise price
$0.000000
Footnotes
F9, F10
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
790,328
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
790,328
Exercise price
$0.000000
Footnotes
F9, F11
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
790,328
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
790,328
Exercise price
$0.000000
Footnotes
F9, F12
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,286,597
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
1,286,597
Exercise price
$0.000000
Footnotes
F9, F13
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
250,000
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
250,000
Exercise price
$0.000000
Footnotes
F9, F14
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
250,000
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
250,000
Exercise price
$0.000000
Footnotes
F9, F15
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
250,000
Date
26 Mar 2024
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
250,000
Exercise price
$0.000000
Footnotes
F9, F16
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
355,983
Date
26 Mar 2024
Ownership
Direct
Underlying class
Class B Common Stock
Underlying amount
355,983
Exercise price
Footnotes
F9, F17, F18
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 18 footnotes

Footnote F1

Consists of shares held by John C. Bicket, Trustee of the John C. Bicket Revocable Trust u/a/d 2/15/2013, over which the Reporting Person has voting or investment power (the "Bicket Revocable Trust").

Footnote F2

Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.

Footnote F3

Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust II u/a/d 10/8/2021, over which the Reporting Person has voting or investment power.

Footnote F4

The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Bicket Revocable Trust on September 29, 2023.

Footnote 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 $38.62 to $39.615, 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.

Footnote F6

Consists of shares held by the Bicket Revocable Trust.

Footnote 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 $39.62 to $39.76, 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 ranges set forth herein.

Footnote F8

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.

Footnote F9

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.

Footnote F10

Consists of shares held by John C. Bicket and CBD, Co-Trustees of the Bicket-Dobson Revocable Trust u/a/d 12/23/20, over which the Reporting Person has voting or investment power.

Footnote F11

Consists of shares held by John C. Bicket, Trustee of the John C. Bicket 2023 Annuity Trust u/a/d 1/22/2023, over which the Reporting Person has voting or investment power.

Footnote F12

Consists of shares held by CBD, Trustee of the CBD 2023 Annuity Trust u/a/d 1/22/2023, over which the Reporting Person has voting or investment power.

Footnote F13

Consists of shares held by the Reporting Person's spouse.

Footnote F14

Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I-A fbo ACDB u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.

Footnote F15

Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I-A fbo JCDB u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.

Footnote F16

Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I-A u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.

Footnote F17

The reported shares represent RSUs, of which 152,564 shares shall vest on June 15, 2024 and the remaining shares vest in quarterly installments through December 15, 2024

Footnote F18

Each RSU represents a contingent right to receive one share of Class B Common Stock.

SEC remarks

Executive Vice President, Chief Technology Officer

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