GC Venture VIII, LLC - 20 Mar 2024 Form 4 Insider Report for Samsara Inc. (IOT)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
22 Mar 2024, 17:26:23 UTC
Prior SEC filing
19 Mar 2024
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

GC Venture VIII, LLC filed Form 4 for Samsara Inc. (IOT) on 22 Mar 2024.

Key facts

  • This page summarizes GC Venture VIII, LLC's Form 4 filing for Samsara Inc. (IOT).
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 22 Mar 2024, 17:26.

Change

  • Previous filing in this sequence was filed on 19 Mar 2024.
  • Current net transaction value: $0.

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

Other

Transaction value
$0
Shares
-3,943,716
Change %
-100%
Price
$0.000000*
Shares after
0
Date
20 Mar 2024
Ownership
Direct
Footnotes
F1, F2, F3, F4
IOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+600,225
Change %
Price
$0.000000
Shares after
600,225
Date
20 Mar 2024
Ownership
Directly held by GC Venture VIII Manager, LLC
Footnotes
F2, F3, F4, F5
IOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-600,225
Change %
-100%
Price
$0.000000*
Shares after
0
Date
22 Mar 2024
Ownership
Directly held by GC Venture VIII Manager, LLC
Footnotes
F2, F3, F4, F6
IOT transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+68,904
Change %
Price
$0.000000
Shares after
68,904
Date
22 Mar 2024
Ownership
Directly held by GCGM Investment Holdings, LP
Footnotes
F2, F3, F4, F7
IOT holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,000,000
Date
20 Mar 2024
Ownership
Directly held by General Catalyst Group XI - Endurance, L.P.
Footnotes
F8

Reported derivative securities

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

IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,187,815
Date
20 Mar 2024
Ownership
Directly held by General Catalyst Group VIII, L.P.
Underlying class
Class A Common Stock
Underlying amount
11,187,815
Exercise price
$0.000000
Footnotes
F9
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,588,813
Date
20 Mar 2024
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
F9
IOT holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
4,520,428
Date
20 Mar 2024
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
F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Effective March 20, 2024, GC Venture VIII, LLC ("GCVVIII"), a venture capital partnership, distributed in-kind on a pro-rata basis, without consideration, a total of 3,943,716 shares of Class A Common Stock of the Issuer to its general and limited partners.

Footnote F2

General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of GCGM Investment Holdings, LP ("GCGM IH") and 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 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. ("GCPVIII"), which is the general partner of General Catalyst Group VIII, L.P. ("GCGVIII"),

Footnote F3

(Continued from Footnote 2) GCSE VIII, L.P. ("GCSE") 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 F4

(Continued from Footnote 3) Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Footnote F5

Represents shares previously reported as held through GCVVIII.

Footnote F6

Effective March 22, 2024, GCVVIII Manager, a venture capital partnership, distributed in-kind on a pro-rata basis, without consideration, a total of 600,225 shares of Class A Common Stock of the Issuer to its general and limited partners.

Footnote F7

Represents shares previously reported as held through GCVVIII Manager.

Footnote F8

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"). Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

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.

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