STOCK TITAN

Samsara Executive's $40M Share Sale Signals Continued Leadership Selling Pattern

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • Significant insider selling: John C Bicket plans to sell 1.02M shares worth $40.2M, following recent sales of 1.02M shares worth $35.5M in the past 3 months, indicating substantial selling pressure from leadership
  • The total planned and recent sales by the insider represent approximately 2.04M shares, suggesting reduced confidence in near-term appreciation potential

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many shares of IOT stock is being sold according to the June 2025 Form 144?

According to the Form 144 filing, 1,020,000 shares of Samsara Inc. (IOT) common stock are proposed to be sold through Charles Schwab & Co., Inc., with an aggregate market value of $40,157,400.00.

What is the trading history of IOT insider sales in the past 3 months before June 2025?

From March to June 2025, John C. Bicket executed 12 separate sales transactions totaling approximately 1,020,000 shares. The largest single sales were 170,000 shares each on April 8 and April 22, 2025, generating proceeds of about $5.9M per transaction. The most recent sales were in early June 2025, with 136,287 shares sold on June 3 for $6,273,918 and 33,713 shares on June 4 for $1,566,380.

How did the IOT insider acquire the shares being sold in this Form 144?

The shares were acquired through multiple transactions: 766,173 shares from Series B Shares in December 2016, 198,000 shares as Gift of Founders Shares in December 2020, and two Restricted Stock Lapse events in June 2025 (20,070 shares on June 10 and 35,757 shares on June 15 as equity compensation).

What is the total number of IOT shares outstanding as of June 2025?

According to the Form 144 filing, Samsara Inc. (IOT) had 299,748,928 shares outstanding at the time of the filing in June 2025.

When is the approximate date of sale for the IOT shares in this Form 144?

The Form 144 filing indicates that the approximate date of sale for the 1,020,000 shares is June 24, 2025, to be executed on the NYSE (New York Stock Exchange).