Marc L. Andreessen - 13 Jun 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
13 Jun 2024, 21:43:59 UTC
Prior SEC filing
17 May 2024
Next SEC filing
18 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Phil Hathaway, Attorney-in-Fact for Marc L. Andreessen

Key filing fact

Marc L. Andreessen filed Form 4 for Samsara Inc. (IOT) on 13 Jun 2024.

Key facts

  • This page summarizes Marc L. Andreessen's Form 4 filing for Samsara Inc. (IOT).
  • 4 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 13 Jun 2024, 21:43.

Change

  • Previous filing in this sequence was filed on 17 May 2024.
  • Current net transaction value: -$8,013,382.

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
+277,484
Change %
Price
$0.000000
Shares after
277,484
Date
13 Jun 2024
Ownership
By Andreessen Horowitz LSV Fund I, L.P.
Footnotes
F1
IOT transaction

Class A Common Stock

Sale

Transaction value
$7,650,560
Shares
-265,276
Change %
-96%
Price
$28.84
Shares after
12,208
Date
13 Jun 2024
Ownership
By Andreessen Horowitz LSV Fund I, L.P.
Footnotes
F1, F2
IOT transaction

Class A Common Stock

Sale

Transaction value
$362,822
Shares
-12,208
Change %
-100%
Price
$29.72
Shares after
0
Date
13 Jun 2024
Ownership
By Andreessen Horowitz LSV Fund I, L.P.
Footnotes
F1, F3
IOT holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
47,973
Date
13 Jun 2024
Ownership
By LAMA Community Trust
Footnotes
F4
IOT holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,995,652
Date
13 Jun 2024
Ownership
By Andreessen Horowitz LSV Fund III, L.P.
Footnotes
F5, F6

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
-277,484
Change %
-2.3%
Price
$0.000000
Shares after
12,009,993
Date
13 Jun 2024
Ownership
By Andreessen Horowitz LSV Fund I, L.P.
Underlying class
Class A Common Stock
Underlying amount
277,484
Exercise price
Footnotes
F1, F7
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,516,864
Date
13 Jun 2024
Ownership
By AH Parallel Fund V, L.P.
Underlying class
Class A Common Stock
Underlying amount
5,516,864
Exercise price
Footnotes
F7, F8
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
54,745,078
Date
13 Jun 2024
Ownership
By Andreessen Horowitz Fund IV, L.P.
Underlying class
Class A Common Stock
Underlying amount
54,745,078
Exercise price
Footnotes
F7, F9
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,974,501
Date
13 Jun 2024
Ownership
By AH Parallel Fund IV, L.P.
Underlying class
Class A Common Stock
Underlying amount
4,974,501
Exercise price
Footnotes
F7, F10, F11
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

These shares are held of record by Andreessen Horowitz LSV Fund I, L.P., for itself and as nominee for Andreessen Horowitz LSV Fund I-B, L.P. and Andreessen Horowitz LSV Fund I-Q, L.P. (collectively, the "AH LSV Fund I Entities"). AH Equity Partners LSV I, L.L.C. ("AH EP LSV I"), the general partner of the AH LSV Fund I Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH LSV Fund I Entities. The Reporting Person and Benjamin Horowitz are the managing members of AH EP LSV I and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund I Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund I Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.53 to $29.52 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.53 to $30.18 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F4

These shares are held of record by the LAMA Community Trust, of which the Reporting Person is a trustee.

Footnote F5

These shares are held of record by Andreessen Horowitz LSV Fund III, L.P. ("AH LSV Fund III"), for itself and as nominee for Andreessen Horowitz LSV Fund III-B, L.P. ("AH LSV Fund III-B") and AH 2022 Annual Fund, L.P. ("AH 2022 Annual" and together with AH LSV Fund III and AH LSV Fund III-B, the "AH LSV Fund III Entities"). AH Equity Partners LSV III, L.L.C. ("AH EP LSV III"), the general partner of AH LSV Fund III and AH LSV Fund III-B, may be deemed to have sole voting and dispositive power over the shares held by AH LSV Fund III and AH LSV Fund III-B. AH Equity Partners 2022 Annual Fund, L.L.C. ("AH EP 2022 Annual"), the general partner of AH 2022 Annual, may be deemed to have sole voting and dispositive power over the shares held by AH 2022 Annual. The Reporting Person and Benjamin Horowitz are the managing members of AH EP LSV III and AH EP 2022 Annual and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund III Entities.

Footnote F6

(Continued from Footnote 5) The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund III Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.

Footnote F7

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, and has no expiration date.

Footnote F8

These shares are held of record by AH Parallel Fund V, L.P., for itself and as nominee for AH Parallel Fund V-A, L.P., AH Parallel Fund V-B, L.P., and AH Parallel Fund V-Q, L.P. (collectively, the "AH Parallel Fund V Entities"). AH Equity Partners V (Parallel), L.L.C. ("AH EP V Parallel"), the general partner of the AH Parallel Fund V Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund V Entities. The Reporting Person and Benjamin Horowitz are managing members of AH EP V Parallel and may be deemed to have shared voting and dispositive power over the shares held by the AH Parallel Fund V Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Parallel Fund V Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.

Footnote F9

These shares are held of record by Andreessen Horowitz Fund IV, L.P., for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P., and Andreessen Horowitz Fund IV-Q, L.P. (collectively, the "AH Fund IV Entities"). AH Equity Partners IV, L.L.C. ("AH EP IV"), the general partner of the AH Fund IV Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Fund IV Entities. The Reporting Person and Benjamin Horowitz are the managing members of AH EP IV and may be deemed to have shared voting and dispositive power over the shares held by the AH Fund IV Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Fund IV Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.

Footnote F10

These shares are held of record by AH Parallel Fund IV, L.P., for itself and as nominee for AH Parallel Fund IV-A, L.P., AH Parallel Fund IV-B, L.P., and AH Parallel Fund IV-Q, L.P. (collectively, the "AH Parallel Fund IV Entities"). AH Equity Partners IV (Parallel), L.L.C. ("AH EP IV Parallel"), the general partner of the AH Parallel Fund IV Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund IV Entities.

Footnote F11

(Continued from Footnote 10) The Reporting Person and Benjamin Horowitz are the managing members of AH EP IV Parallel and may be deemed to have shared voting and dispositive power over the shares held by the AH Parallel Fund IV Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Parallel Fund IV Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.

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