Samsara (NYSE: IOT) insider reports 2.5M-share conversion and major stock gift
Rhea-AI Filing Summary
Samsara Inc. director and officer John C. Bicket reported trust‑related equity movements in Samsara on June 16, 2026, without any open‑market buying or selling. The filing shows a bona fide gift of 230,303 shares of Class A Common Stock, characterized as a transfer by an entity associated with him.
On the same date, entities and trusts over which Bicket has voting or investment power converted a total of 2,522,669 shares of Class B Common Stock into an equal number of Class A shares at a stated price of $0.00 per share. After these transactions, he is reported as holding 501,510 Class A shares directly, with additional substantial indirect holdings in Class A and Class B shares and Class B shares that remain convertible into Class A on a 1:1 basis.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,292,366 shares
Net Buy
15 txns
Insider
Bicket John
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,992,669 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 100,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 430,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 1,992,669 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 100,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 430,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 230,303 | $0.00 | $0.00 |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 92,440,340 shares (Indirect, See footnote);
Class A Common Stock — 1,966,795 shares (Indirect, See footnote);
Class A Common Stock — 501,510 shares (Direct)
Footnotes (13)
- F1. The number of shares held reflects the transfer of (i) 20,070 shares of Class A Common Stock on June 10, 2026 and (ii) 30,531 shares of Class A Common Stock on June 15, 2026 from the Reporting Person to John C. Bicket, Trustee of the John C. Bicket Revocable Trust u/a/d 2/15/2013, over which the Reporting Person has voting or investment power (the "Bicket Revocable Trust").
- F2. Consists of shares held by the Bicket Revocable Trust.
- F3. Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.
- F4. Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust II u/a/d 10/8/2021, over which the Reporting Person has voting or investment power.
- F5. These securities are restricted stock units (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.
- F6. The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.
- F7. Consists of shares held by John C. Bicket and CBD, Co-Trustees of the Bicket-Dobson Revocable Trust u/a/d 12/23/20, over which the Reporting Person has voting or investment power.
- F8. Consists of shares held by the Reporting Person's spouse.
- F9. Consists of shares held by John C. Bicket, Trustee of The John C. Bicket 2024 Annuity Trust u/a/d 4/24/2024, over which the Reporting Person has voting or investment power.
- F10. Consists of shares held by CBD, Trustee of the CBD 2024 Annuity Trust u/a/d 4/24/2024, over which the Reporting Person has voting or investment power.
- F11. Consists of shares held by John C. Bicket, Trustee of The John C. Bicket 2025 Annuity Trust u/a/d 3/27/2025, over which the Reporting Person has voting or investment power,
- F12. Consists of shares held by CBD, Trustee of the CBD 2025 Annuity Trust u/a/d 3/27/2025, over which the Reporting Person has voting or investment power.
- F13. Consists of shares held by John C. Bicket, Trustee of The John C. Bicket 2026 Annuity Trust u/a/d 3/31/2026, over which the Reporting Person has voting or investment power,
Key Figures
Gifted Class A shares: 230,303 shares
Class B converted to Class A: 2,522,669 shares
Direct Class A holdings: 501,510 shares
+4 more
7 metrics
Gifted Class A shares
230,303 shares
Bona fide gift on June 16, 2026
Class B converted to Class A
2,522,669 shares
Total derivative conversions on June 16, 2026
Direct Class A holdings
501,510 shares
Direct ownership after transactions
Gift transaction price
$0.00 per share
Price per share for 230,303-share gift
Conversions price
$0.00 per share
Conversion price for Class B to Class A on June 16, 2026
Remaining Class B derivative block
7,500,000 underlying shares
Indirect Class B position convertible into Class A
Net buy/sell shares
0 shares
No net open-market buying or selling reported
Key Terms
bona fide gift, Conversion of derivative security, restricted stock units (RSUs), Class B Common Stock, +2 more
6 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents"
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.
Class B Common Stock financial
"The Class B Common Stock is convertible at any time, at the holder's election"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
revocable trust financial
"Trustee of the John C. Bicket Revocable Trust u/a/d 2/15/2013"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
annuity trust financial
"The John C. Bicket 2026 Annuity Trust u/a/d 3/31/2026"
FAQ
What insider activity did Samsara (IOT) report for John C. Bicket on June 16, 2026?
Samsara reported trust-related equity movements by John C. Bicket on June 16, 2026, including a bona fide gift of Class A shares and several conversions of Class B into Class A stock through entities over which he has voting or investment power.
What conversions between Class B and Class A stock did John C. Bicket report for Samsara (IOT)?
Entities tied to John C. Bicket converted 2,522,669 shares of Samsara Class B Common Stock into the same number of Class A shares. These conversions were reported at an exercise or conversion price of $0.00 per share, reflecting internal equity reclassification rather than market purchases.
What are John C. Bicket’s reported direct holdings of Samsara (IOT) after these transactions?
Following the reported transactions, John C. Bicket directly holds 501,510 shares of Samsara Class A Common Stock. In addition, the filing lists significant indirect holdings through multiple trusts and entities, including Class B shares convertible into Class A on a one-for-one basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
