Dominic Phillips (IOT) withholds 38,963 shares for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samsara Inc. officer Dominic Phillips reported routine share movements tied to RSU vesting and tax withholding. On the Class A Common Stock, 38,963 shares were withheld by the company at $33.66 per share to cover tax obligations from vested restricted stock units. After this tax-withholding disposition, Phillips directly holds 836,100 shares. Separately, 1,108,574 shares are held indirectly through The Phillips Family Trust, which includes previously transferred shares and certain RSUs that each represent a right to receive one Class A share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Phillips Dominic
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 38,963 | $33.66 | $1.31M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 836,100 shares (Direct, null);
Class A Common Stock — 1,108,574 shares (Indirect, See footnote)
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). The number of shares held reflects the transfer of 38,528 shares of Class A Common Stock from the Reporting Person to The Phillips Family Trust dated 5/9/2013, of which the Reporting Person and his spouse serve as trustees (the "Phillips Family Trust"). 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. Consists of shares held by the Phillips Family Trust.
Key Figures
Tax-withholding shares: 38,963 shares
Withholding price: $33.66 per share
Direct holdings after transaction: 836,100 shares
+2 more
5 metrics
Tax-withholding shares
38,963 shares
Withheld to cover RSU tax obligations
Withholding price
$33.66 per share
Value used for tax-withholding disposition
Direct holdings after transaction
836,100 shares
Class A Common Stock directly held after tax withholding
Indirect trust holdings
1,108,574 shares
Class A Common Stock held by The Phillips Family Trust
Tax-withholding count
1 transaction
Form 4 tax-withholding disposition events
Key Terms
restricted stock units (RSUs), tax-withholding disposition, Class A Common Stock, Phillips Family Trust, +1 more
5 terms
restricted stock units (RSUs) financial
"Represents shares that have been withheld by the Issuer to cover tax obligations in connection with 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, related to payment of exercise price or tax liability by delivering securities."
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 for Samsara Inc. insider holdings and transactions."
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.
Phillips Family Trust financial
"Consists of shares held by the Phillips Family Trust dated 5/9/2013."
contingent right financial
"Each RSU represents a contingent right to receive one share of Class A Common Stock."
FAQ
What insider transaction did Samsara Inc. (IOT) report for Dominic Phillips?
Samsara Inc. reported that officer Dominic Phillips had 38,963 Class A shares withheld to cover tax obligations on vested RSUs. This Form 4 shows a tax-withholding disposition, not an open-market sale or purchase of Samsara stock.
Were Dominic Phillips’ Samsara (IOT) transactions open-market sales or just tax withholding?
The Form 4 indicates a tax-withholding disposition, not an open-market sale. Samsara withheld 38,963 shares to satisfy tax obligations from RSU vesting. The filing does not report any open-market buying or selling of Samsara shares by Phillips.
What role do RSUs play in Dominic Phillips’ Samsara Inc. (IOT) holdings?
Certain securities in Dominic Phillips’ position are restricted stock units, where each RSU represents a contingent right to one Class A share. These RSUs vest over time, and related tax obligations can be settled by withholding shares, as shown in this Form 4 filing.
How are Dominic Phillips’ indirect Samsara (IOT) holdings structured?
Phillips’ indirect Samsara holdings are held by The Phillips Family Trust dated May 9, 2013. He and his spouse serve as trustees of this trust, which holds 1,108,574 Class A shares, including shares previously transferred from him and certain RSUs.