General Catalyst Group VIII, L.P. - 13 Mar 2023 Form 4 Insider Report for Samsara Inc. (IOT)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
15 Mar 2023, 21:37:10 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
General Catalyst Group VIII, LP, By: General Catalyst Partners VIII, L.P., Its General Partner, By: General Catalyst GP VIII, LLC, Its General Partner; By: Christopher McCain

Key filing fact

General Catalyst Group VIII, L.P. filed Form 4 for Samsara Inc. (IOT) on 15 Mar 2023.

Key facts

  • This page summarizes General Catalyst Group VIII, L.P.'s Form 4 filing for Samsara Inc. (IOT).
  • 3 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 15 Mar 2023, 21:37.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$56,580,000.

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
+3,000,000
Change %
Price
$0.000000
Shares after
3,000,000
Date
13 Mar 2023
Ownership
Directly held by General Catalyst Group VIII, L.P.
Footnotes
F1, F2
IOT transaction

Class A Common Stock

Sale

Transaction value
$56,580,000
Shares
-3,000,000
Change %
-100%
Price
$18.86
Shares after
0
Date
13 Mar 2023
Ownership
Direct
IOT holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,000,000
Date
13 Mar 2023
Ownership
Directly held by General Catalyst Group XI - Endurance, L.P.
Footnotes
F3

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
-3,000,000
Change %
-21%
Price
$0.000000
Shares after
11,187,815
Date
13 Mar 2023
Ownership
Directly held by General Catalyst Group VIII, L.P.
Underlying class
Class A Common Stock
Underlying amount
3,000,000
Exercise price
$0.000000
Footnotes
F4
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
14,187,815
Date
13 Mar 2023
Ownership
Directly held by General Catalyst Group VIII Supplemental, L.P.
Underlying class
Class A Common Stock
Underlying amount
14,187,815
Exercise price
$0.000000
Footnotes
F4
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,943,716
Date
13 Mar 2023
Ownership
Directly held by GC Venture VIII, LLC
Underlying class
Class A Common Stock
Underlying amount
3,943,716
Exercise price
$0.000000
Footnotes
F4
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,588,813
Date
13 Mar 2023
Ownership
Directly held by GC Venture VIII-B, LLC
Underlying class
Class A Common Stock
Underlying amount
8,588,813
Exercise price
$0.000000
Footnotes
F4
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,520,428
Date
13 Mar 2023
Ownership
Directly held by General Catalyst Group X - Endurance, L.P.
Underlying class
Class A Common Stock
Underlying amount
4,520,428
Exercise price
$0.000000
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of General Catalyst Group Management Holdings, L.P. ("GCGMH"), which is the manager of General Catalyst Group Management, LLC ("GCGM LLC"), which is (a) the manager of GC Venture VIII Manager, LLC ("GCVVIII Manager"), which is the manager of GC Venture VIII, LLC ("GCVVIII"), (b) the manager of GC Venture VIII-B Manager, LLC, which is the manager of GC Venture VIII-B, LLC ("GCVVIIIB"), (c) the manager of General Catalyst GP VIII, LLC ("GCGPVIII"), which is the general partner of General Catalyst Partners VIII, L.P., which is the general partner of General Catalyst Group VIII, L.P. ("GCGVIII") and General Catalyst Group VIII Supplemental, L.P. ("GCGVIIIS") and (d) the manager of General Catalyst GP X - Growth Venture, LLC, which is the general partner of General Catalyst Partners X - Growth Venture, L.P., which is the general partner of General Catalyst Group X - Endurance, L.P. ("GCGXE").

Footnote F2

(Continued from Footnote 1) Kenneth Chenault, Joel Cutler, David Fialkow and Hemant Taneja are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCVVIII, GCVVIIIB, GCGVIIIS, GCGVIII and GCGXE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F3

GCGMH LLC is the general partner of GCGMH, which is the manager of GCGM LLC, which is the manager of General Catalyst Endurance GP XI, LLC, which is the general partner of General Catalyst Partners XI - Endurance, L.P., which is the general partner of General Catalyst Group XI - Endurance, L.P. ("GCGXIE"). Kenneth Chenault, Joel Cutler, David Fialkow and Hemant Taneja are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCGXIE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F4

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.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .