Samsara (NYSE: IOT) CAO has shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samsara Inc. reported a routine insider transaction by Chief Accounting Officer Benjamin Louis Kirchhoff related to equity compensation. On the RSU vesting date, 2,487 shares of Class A Common Stock were withheld by the company at $33.62 per share to cover tax obligations tied to restricted stock units. This was a tax-withholding disposition, not an open-market sale, and followed the issuer’s standard equity award procedures. After this withholding, Kirchhoff directly holds 170,755 shares of Class A Common Stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kirchhoff Benjamin Louis
Role
CHIEF ACCOUNTING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 2,487 | $33.62 | $84K |
Holdings After Transaction:
Class A Common Stock — 170,755 shares (Direct, null)
Footnotes (1)
- Represents shares that have been withheld by the Issuer to cover tax obligations in connection with the vesting of restricted stock units (RSUs). Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
Key Figures
Shares withheld for taxes: 2,487 shares
Withholding price per share: $33.62 per share
Shares held after transaction: 170,755 shares
3 metrics
Shares withheld for taxes
2,487 shares
Tax-withholding disposition on RSU vesting
Withholding price per share
$33.62 per share
Valuation used for 2,487 withheld shares
Shares held after transaction
170,755 shares
Direct Class A Common Stock holdings post-withholding
Key Terms
restricted stock units (RSUs), tax-withholding disposition, Class A Common Stock
3 terms
restricted stock units (RSUs) financial
"the vesting of restricted stock units (RSUs)"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Samsara (IOT) report for Benjamin Louis Kirchhoff?
Samsara reported that Chief Accounting Officer Benjamin Louis Kirchhoff had 2,487 shares of Class A Common Stock withheld. The shares were withheld by the company to cover tax obligations arising from the vesting of his restricted stock units (RSUs), not from an open-market sale.
Does this Samsara (IOT) Form 4 indicate an open-market sale by the CAO?
No, the filing reflects a tax-withholding disposition, not an open-market sale. Transaction code F and the footnote explain that 2,487 shares were withheld by the issuer to cover RSU tax obligations, a common administrative step in equity compensation programs.