Samsara Inc SEC Filings

Samsara (NYSE:IOT) filed a Form 4 detailing insider activity by CEO/10% owner Sanjit Biswas.

• Sales: 160,000 Class A shares sold on 24-Jun-2025 via two Rule 10b5-1 plans at weighted-average prices of $39.30-$40.09, realizing about $6.3 million.
• Conversion: 419,064 Class B shares converted to Class A on 25-Jun-2025; no cash exchanged.
• Holdings after transactions: 1.32 million Class A directly, 1.23 million Class A indirectly, and 76.5 million Class B shares (1:1 convertible).
• Sales equal <0.25% of Biswas’s total stake but exceed the $1 million materiality threshold.

All trades executed under pre-arranged 10b5-1 plans through multiple family trusts.

Samsara (NYSE:IOT) filed a Form 4 revealing insider activity by EVP & CTO John C. Bicket.

• Conversions: On 24-25 Jun 2025, trusts he controls converted 1,719,775 Class B shares into Class A at $0.
• Sales: The same trusts sold 170,000 Class A shares under 10b5-1 plans at weighted-average prices of $39.29–$39.45, raising roughly $6.7 million.
• Post-trade ownership: Bicket retains indirect control of ≈74 million Class B shares (convertible 1:1 to Class A) plus other Class A and RSU holdings.

The sale equals < 0.3 % of his total stake but crosses the $1 million threshold that can influence insider-sentiment screens.

Samsara Inc. (NYSE: IOT) filed a Form 144 indicating that co-founder and Chief Executive Officer Sanjit Zubin Biswas intends to sell up to 960,000 common shares. The proposed transaction will be executed through Charles Schwab & Co. on or about 24 June 2025 and carries an aggregate market value of approximately $37.996 million based on the filing’s stated pricing. Samsara reports 299,748,928 shares outstanding, so the planned sale represents roughly 0.32 % of shares outstanding.

The filing lists the source of the shares: 552,951 Series B shares acquired on 1 Dec 2016, 198,000 founders’ shares received as a gift on 31 Dec 2020, and a total of 209,049 shares from RSU lapses on 10 Jun 2025 and 15 Jun 2025. No cash consideration was involved in these acquisitions other than equity compensation.

Recent selling activity: The same insider has already sold 960,000 shares over the past three months (between 25 Mar 2025 and 4 Jun 2025) for gross proceeds exceeding $41 million, indicating a continued disposition pattern. Individual sale sizes ranged from 21,735 to 160,000 shares, with eleven separate trades disclosed.

Rule 144 filings are advance notices and do not guarantee execution, but they do signal the insider’s intent. Investors often interpret substantial CEO sales—especially when following a series of prior sales—as a potential negative sentiment indicator. However, the filing also contains the standard attestation that the insider is not in possession of undisclosed material adverse information.

Form 144 filing reveals John C. Bicket's planned sale of 1,020,000 common shares of Samsara (NYSE: IOT) with an aggregate market value of $40,157,400. The sale is scheduled for June 24, 2025, through Charles Schwab & Co.

The shares being sold were acquired through multiple transactions:

• 766,173 shares from Series B financing (December 2016)
• 198,000 shares from Founder shares gift (December 2020)
• 55,827 shares from recent restricted stock lapses (June 2025)

Notable recent trading activity shows Bicket has sold 1,020,000 shares for approximately $35.5 million across 12 transactions between March-June 2025. The proposed sale represents approximately 0.34% of Samsara's 299.7 million outstanding shares, indicating continued insider selling activity while maintaining a significant equity position.

Samsara Inc. (IOT) has filed a Form 3 (Initial Statement of Beneficial Ownership) for Benjamin Louis Kirchhoff, who has been appointed as the company's Chief Accounting Officer. The filing date is June 28, 2025, with the triggering event occurring on June 11, 2025.

Key details from the filing:

• Kirchhoff currently owns no securities beneficially in the company
• No derivative securities (options, warrants, etc.) are reported
• The filing is made as an individual submission, not as part of a group
• The document includes a Power of Attorney (Exhibit 24)

The form was signed by Adam Eltoukhy as attorney-in-fact on behalf of Kirchhoff on June 23, 2025. This filing represents standard regulatory compliance under Section 16(a) of the Securities Exchange Act of 1934, requiring initial disclosure of securities ownership for new company insiders.

Samsara (IOT) Director Jonathan Chadwick reported significant stock transactions executed on June 16, 2025, through a pre-planned Rule 10b5-1 trading arrangement established in September 2024.

Key transaction details:

• Disposed of 22,500 shares of Class A Common Stock at a weighted-average price of $39.0669 per share (range: $38.62-$39.48)
• Following the transaction, directly owns 37,494 shares, including restricted stock units (RSUs)
• Indirectly owns 313,585 shares through the CR Family Trust

Notable ownership changes include the transfer of 336,085 shares to the CR Family Trust and a subsequent transfer of 22,500 shares back to Chadwick. The transactions were executed under a pre-established trading plan, demonstrating compliance with insider trading regulations.

Samsara (IOT) Executive Vice President and CFO Dominic Phillips reported significant insider trading activity on June 16, 2025. The transaction involved the disposition of 47,334 shares of Class A Common Stock at a weighted-average price of $39.2091 per share through a non-discretionary sale to cover tax withholding obligations related to RSU settlements.

Following the transaction, Phillips holds:

• 793,735 shares directly (including some restricted stock units)
• 1,115,735 shares indirectly through The Phillips Family Trust

Notable details include the transfer of 46,424 shares to The Phillips Family Trust, where Phillips and his spouse serve as trustees. The reported sales were executed at prices ranging from $38.67 to $39.60 per share. This Form 4 filing was submitted by Adam Eltoukhy as attorney-in-fact on behalf of Dominic Phillips.

Samsara (IOT) Executive Vice President, Chief Legal Officer and Secretary Adam Eltoukhy reported insider trading activity on June 16, 2025. The transaction involved the disposition of 18,643 shares of Class A Common Stock at a weighted-average price of $39.21 per share.

Key details of the transaction:

• The shares were sold in a non-discretionary transaction to cover tax withholding obligations related to RSU settlement
• Sale prices ranged from $38.66 to $39.575 per share
• Following the transaction, Eltoukhy directly owns 358,720 shares
• Additionally, he indirectly owns 114,662 shares through the ES Trust
• The filing notes a transfer of 18,283 shares to the ES Trust

This Form 4 filing reflects standard insider activity related to tax obligations from equity compensation, rather than discretionary trading by the executive.