Samsara (NYSE: IOT) outlines CEO and CTO 10b5-1 stock sale plans
Rhea-AI Filing Summary
Samsara Inc. disclosed that CEO and co-founder Sanjit Biswas and CTO and co-founder John Bicket have pre-arranged stock trading plans for shares held by affiliated family trusts. These Rule 10b5-1 plans, adopted on September 29, 2025, will spread planned stock sales from January 6, 2026 through December 24, 2026 to reduce the impact of any single day’s trading, and all sales are subject to Rule 144 volume limits and other plan conditions.
As of January 1, 2026, Biswas and Bicket together beneficially owned approximately 196.30 million Samsara shares, or about 34.02% of shares outstanding as of November 1, 2025. Each intends to sell up to approximately 5.00 million shares under the plans, after which they would still collectively hold about 186.30 million shares, or roughly 32.29% of Samsara shares outstanding as of November 1, 2025, assuming no other stock issuances.
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FAQ
What insider stock sale plans did Samsara (IOT) announce?
Samsara reported that CEO Sanjit Biswas and CTO John Bicket have pre-arranged Rule 10b5-1 stock trading plans for shares held by affiliated family trusts. These plans schedule sales between January 6, 2026 and December 24, 2026.
How many Samsara (IOT) shares do Sanjit Biswas and John Bicket currently beneficially own?
As of January 1, 2026, Sanjit Biswas and John Bicket collectively beneficially owned approximately 196.30 million shares of Samsara common stock, representing about 34.02% of Samsara shares outstanding as of November 1, 2025.
How many Samsara (IOT) shares could be sold under the new trading plans?
Subject to the terms and conditions of their trading plans and assuming no additional equity awards, each of Sanjit Biswas and John Bicket intends to sell up to approximately 5.00 million shares held by affiliated family trusts.
What will Biswas and Bicket’s ownership in Samsara (IOT) be after the planned sales?
If all planned sales under the trading plans are completed, they would together beneficially own approximately 186.30 million shares, or about 32.29% of Samsara shares outstanding as of November 1, 2025, assuming no other issuances of capital stock or equity awards.
Over what period will Samsara insiders sell shares under the 10b5-1 plans?
Under the disclosed trading plans, the planned stock sales by Sanjit Biswas and John Bicket will be spread from January 6, 2026 through December 24, 2026 to help reduce market impact on any given day.
Under which rules are the Samsara (IOT) insider stock sales being conducted and reported?
The trades are under Rule 10b5-1(c) plans and are also subject to volume limits under Rule 144 of the Securities Act of 1933. Transactions under these plans will be disclosed through required Form 144 and Form 4 filings with the SEC.
Why did Samsara’s executives adopt these pre-arranged stock trading plans?
The company states that the plans were adopted as part of the executives’ individual long-term strategies for asset diversification and liquidity, and to spread planned stock sales over time while complying with Samsara’s insider trading policies.