Sanjit Biswas - 17 Jun 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
17 Jun 2024
Net transactions value
-$2,828,995
Form type
4
Filing time
20 Jun 2024, 19:29:08 UTC
Previous filing
13 Jun 2024
Next filing
26 Jun 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 +126,628 +8.8% $0.000000 1,564,432 17 Jun 2024 Direct F1, F2
transaction IOT Class A Common Stock Sale $2,825,373 -95,880 -5.8% $29.47 1,562,419 20 Jun 2024 See footnote F1, F3, F4, F5
transaction IOT Class A Common Stock Sale $3,622 -120 -0.01% $30.19 1,562,299 20 Jun 2024 See footnote F3, F5, F6
holding IOT Class A Common Stock 134,400 17 Jun 2024 See footnote F7
holding IOT Class A Common Stock 537,600 17 Jun 2024 See footnote 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 Options Exercise $0 -126,628 -43% $0.000000 168,838 17 Jun 2024 Class B Common Stock 126,628 Direct F9, F10, F11
transaction IOT Class B Common Stock Options Exercise $0 +126,628 $0.000000 126,628 17 Jun 2024 Class A Common Stock 126,628 $0.000000 Direct F11
transaction IOT Class B Common Stock Conversion of derivative security $0 -126,628 -100% $0.000000* 0 17 Jun 2024 Class A Common Stock 126,628 $0.000000 Direct F11
holding IOT Class B Common Stock 80,362,469 17 Jun 2024 Class A Common Stock 80,362,469 $0.000000 See footnote F5, F11
holding IOT Class B Common Stock 3,905,771 17 Jun 2024 Class A Common Stock 3,905,771 $0.000000 See footnote F7, F11
holding IOT Class B Common Stock 16,313,764 17 Jun 2024 Class A Common Stock 16,313,764 $0.000000 See footnote F8, F11
holding IOT Class B Common Stock 663,619 17 Jun 2024 Class A Common Stock 663,619 $0.000000 See footnote F11, F12
holding IOT Class B Common Stock 250,000 17 Jun 2024 Class A Common Stock 250,000 $0.000000 See footnote F11, F13
holding IOT Class B Common Stock 250,000 17 Jun 2024 Class A Common Stock 250,000 $0.000000 See footnote F11, F14
holding IOT Class B Common Stock 250,000 17 Jun 2024 Class A Common Stock 250,000 $0.000000 See footnote F11, F15
holding IOT Class B Common Stock 250,000 17 Jun 2024 Class A Common Stock 250,000 $0.000000 See footnote F11, F16
holding IOT Class B Common Stock 1,286,597 17 Jun 2024 Class A Common Stock 1,286,597 $0.000000 See footnote F11, F17
holding IOT Class B Common Stock 663,619 17 Jun 2024 Class A Common Stock 663,619 $0.000000 See footnote F11, F18
holding IOT Class B Common Stock 126,709 17 Jun 2024 Class A Common Stock 126,709 $0.000000 See footnote F11, F19
holding IOT Class B Common Stock 126,709 17 Jun 2024 Class A Common Stock 126,709 $0.000000 See footnote F11, F20
* 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 The number of shares held reflects the transfer of 265,587 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").
F2 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.
F3 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2023 by the Biswas Family Trust.
F4 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 $29.10 to $30.09, 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.
F5 Consists of shares held by the Biswas Family Trust.
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 $30.185 to $30.19, 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 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.
F8 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.
F9 The reported shares represent RSUs, of which 126,628 shares vested on June 17, 2024 and the remaining shares vest in quarterly installments through December 15, 2024.
F10 Each RSU represents a contingent right to receive one share of Class B Common Stock.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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.
F17 Consists of shares held by the Reporting Person's spouse.
F18 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.
F19 Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2024 Annuity Trust u/a/d 3/22/2024, over which the Reporting Person has voting or investment power.
F20 Consists of shares held by HB, Trustee of the HB 2024 Annuity Trust u/a/d 3/22/2024, over which the Reporting Person has voting or investment power.