[Form 4] Samsara Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 – XBP Global Holdings (XBP) discloses that Executive Chairman, director and >10% owner Par Chadha indirectly acquired 23,339,324 common shares and warrants for 6,632,418 shares on 07/29/2025. The equity was received by wholly-owned subsidiaries of Exela Technologies under a court-approved restructuring of certain Exela affiliates. Following the transaction Chadha, through controlled entities, now reports:

• Common shares: 22,111,036 (entry 1) + 1,228,288 (entry 2) + 1,128,972 (pre-existing) = ≈24.5 million shares
• Warrants: 6,632,418 exercisable until 07/29/2030 at $4.98

The stock closed at $0.90 on the restructuring effective date, so the warrants are currently far out-of-the-money. All acquisitions are coded “A” (non-open-market) and reflect distribution of securities rather than cash purchases. Chadha disclaims beneficial ownership beyond his pecuniary interest.

The filing signals substantial insider exposure created by the restructuring, aligning the executive’s economic interests with XBP’s post-bankruptcy performance, but also confirms significant new share issuance that may dilute existing holders.

Insights

Financial Analyst

TL;DR: Insider receives 24.5 M shares and 6.6 M warrants via restructuring; alignment up, dilution risk high.

The securities were distributed, not purchased, so cash commitment is minimal. At $0.90 share price, the common stock package is worth roughly $22 M, signalling material voting power for Chadha-controlled entities and tighter linkage between Exela and XBP. However, the 24 M additional shares expand the float materially, pressuring per-share metrics. The $4.98 strike warrants are unlikely to be exercised near term, limiting immediate dilution but creating a large overhang through 2030. Overall, the event is structurally important yet already anticipated in the court-approved plan; market impact should be modest without new cash infusion or guidance.

Corporate Governance Expert

TL;DR: Control concentration rises; potential conflicts between Exela and minority XBP holders.

Chadha’s expanded indirect stake, routed through Exela subsidiaries he controls, consolidates influence over XBP’s board and strategic direction. While alignment can incentivise turnaround execution, minority investors face heightened related-party and conflict-of-interest risk, particularly in future capital allocations or inter-company dealings. Enhanced disclosure and independent oversight will be critical to safeguard governance quality.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Henry Alyssa

(Last) (First) (Middle)

C/O SAMSARA INC.

1 DE HARO STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Samsara Inc. [ IOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/29/2025		A		6,371(1)	A	$0	20,432(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. The RSUs will vest in full on the earlier of July 29, 2026 or the day prior to the date of the Issuer's next annual meeting of stockholders, subject to the Reporting Person continuing as a service provider through the applicable vesting date.

2. 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.

	/s/ Adam Eltoukhy, attorney-in-fact on behalf of Alyssa Henry	07/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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