Sanjit Biswas - 26 Mar 2024 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
Issuer symbol
IOT
Transactions as of
26 Mar 2024
Net transactions value
-$3,768,749
Form type
4
Filing time
28 Mar 2024, 16:18:47 UTC
Previous filing
21 Mar 2024
Next filing
03 Apr 2024
SEC
View on sec.gov

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 +960,000 +216% $0.000000 1,403,921 26 Mar 2024 See footnote F1
transaction IOT Class A Common Stock Conversion of derivative security $0 +57,600 +300% $0.000000 76,800 26 Mar 2024 See footnote F2
transaction IOT Class A Common Stock Conversion of derivative security $0 +230,400 +300% $0.000000 307,200 26 Mar 2024 See footnote F3
transaction IOT Class A Common Stock Sale $3,311,099 -84,464 -6% $39.20 1,319,457 26 Mar 2024 See footnote F4, F5, F6
transaction IOT Class A Common Stock Sale $457,650 -11,536 -0.87% $39.67 1,307,921 26 Mar 2024 See footnote F4, F6, F7
holding IOT Class A Common Stock 1,703,391 26 Mar 2024 Direct F8

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 -960,000 -1.2% $0.000000 81,215,260 26 Mar 2024 Class A Common Stock 960,000 $0.000000 See footnote F6, F9
transaction IOT Class B Common Stock Conversion of derivative security $0 -57,600 -1.4% $0.000000 4,020,971 26 Mar 2024 Class A Common Stock 57,600 $0.000000 See footnote F2, F9
transaction IOT Class B Common Stock Conversion of derivative security $0 -230,400 -1.4% $0.000000 16,774,564 26 Mar 2024 Class A Common Stock 230,400 $0.000000 See footnote F3, F9
holding IOT Class B Common Stock 790,328 26 Mar 2024 Class A Common Stock 790,328 $0.000000 See footnote F9, F10
holding IOT Class B Common Stock 250,000 26 Mar 2024 Class A Common Stock 250,000 $0.000000 See footnote F9, F11
holding IOT Class B Common Stock 250,000 26 Mar 2024 Class A Common Stock 250,000 $0.000000 See footnote F9, F12
holding IOT Class B Common Stock 250,000 26 Mar 2024 Class A Common Stock 250,000 $0.000000 See footnote F9, F13
holding IOT Class B Common Stock 250,000 26 Mar 2024 Class A Common Stock 250,000 $0.000000 See footnote F9, F14
holding IOT Class B Common Stock 1,286,597 26 Mar 2024 Class A Common Stock 1,286,597 $0.000000 See footnote F9, F15
holding IOT Class B Common Stock 790,328 26 Mar 2024 Class A Common Stock 790,328 $0.000000 See footnote F9, F16
holding IOT Class B Common Stock 295,466 26 Mar 2024 Class B Common Stock 295,466 Direct F9, F17, F18
* 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 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 (the "Biswas Family Trust").
F2 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.
F3 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.
F4 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Biswas Family Trust on September 29, 2023.
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 range set forth herein.
F6 Consists of shares held by the Biswas Family Trust.
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 range set forth herein.
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.
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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 Consists of shares held by the Reporting Person's spouse.
F16 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.
F17 The reported shares represent RSUs, of which 126,628 shares shall vest on June 15, 2024 and the remaining shares vest in quarterly installments through December 15, 2024.
F18 Each RSU represents a contingent right to receive one share of Class B Common Stock.