[Form 4] Samsara Inc. Insider Trading Activity

Rhea-AI Filing Summary

Andreessen Horowitz entities reported conversion and subsequent disposition plans for Samsara Inc. (IOT) shares. Multiple Andreessen Horowitz funds converted Class B common stock into Class A common stock on a 1:1 basis, resulting in reported beneficial ownership of approximately 19,759,835 Class A shares across the reporting persons. Several funds state they will distribute most converted Class A shares in-kind to their partners and two funds plan limited sell-downs: AH LSV I may sell up to 503,000 shares and AH Parallel V may sell up to 257,000. The filing is one of three combined reports covering over ten reporting persons and clarifies voting/dispositive arrangements and disclaimers of group ownership.

Positive

• Conversion disclosed: Class B common stock convertible 1:1 into Class A common stock, and conversions were executed.
• Comprehensive ownership detail: Filing reports aggregate beneficial ownership of approximately 19,759,835 Class A shares across the reporting persons.
• In-kind distributions planned: Several funds state they will distribute converted Class A shares pro-rata to their partners, preserving internal allocation.

Negative

• Planned sell-downs disclosed: AH LSV I may sell up to 503,000 shares and AH Parallel V may sell up to 257,000, which could increase shares available to the market.
• Multiple related parties: Voting and dispositive power is held through layered general partner entities and managing members, creating complex ownership lines that may complicate governance clarity for some investors.

Insights

Securities Analyst

TL;DR: Large conversion increases reported Class A holdings; limited planned sales could modestly increase float.

The Form 4 documents conversion of Class B to Class A shares across multiple Andreessen Horowitz funds, producing aggregate reported beneficial ownership of ~19.76 million Class A shares. The filing discloses distributions in-kind to limited partners and explicit plans to sell up to 503,000 and 257,000 shares by two funds. The report is procedural but material to ownership disclosure, as it reshapes who directly holds Class A shares and signals partial liquidity events for certain fund interests.

Corporate Governance Expert

TL;DR: Disclosure clarifies voting/dispositive relationships and denies formation of a coordinated group.

The explanatory footnotes detail record holders, general partner entities, and that managing members may be deemed to have shared voting and dispositive power; however, each reporting person disclaims a "group" and disclaims beneficial ownership except to the extent of pecuniary interest. This filing reinforces governance transparency around complex fund structures after conversion events and documents who may exercise voting power versus economic interest.

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

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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^*

Andreessen Horowitz LSV Fund III, L.P.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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

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

	Form filed by One Reporting Person
X	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	09/08/2025		C		1,758,907	A	$0	1,758,907	I(1)	By Andreessen Horowitz LSV Fund I, L.P.(2)
Class A Common Stock	09/08/2025		C		10,949,014	A	$0	10,949,014	I(3)	By Andreessen Horowitz Fund IV, L.P.(4)
Class A Common Stock	09/08/2025		C		994,899	A	$0	994,899	I(5)	By AH Parallel Fund IV, L.P.(6)(7)
Class A Common Stock	09/08/2025		C		2,573,745	A	$0	2,573,745	I(8)	By AH Parallel Fund V, L.P.(9)(10)
Class A Common Stock								3,482,521	I	By 1997 Horowitz Family Trust(11)
Class A Common Stock								749	I	By Horowitz 2020 Dynasty Trust(12)

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
Class B Common Stock	(13)	09/08/2025		C			1,758,907	(13)	(13)	Class A Common Stock	1,758,907	$0	0	I	By Andreessen Horowitz LSV Fund I, L.P.(2)
Class B Common Stock	(13)	09/08/2025		C			10,949,014	(13)	(13)	Class A Common Stock	10,949,014	$0	0	I	By Andreessen Horowitz Fund IV, L.P.(4)
Class B Common Stock	(13)	09/08/2025		C			994,899	(13)	(13)	Class A Common Stock	994,899	$0	0	I	By AH Parallel Fund IV, L.P.(6)(7)
Class B Common Stock	(13)	09/08/2025		C			2,573,745	(13)	(13)	Class A Common Stock	2,573,745	$0	0	I	By AH Parallel Fund V, L.P.(9)(10)

1. Name and Address of Reporting Person^*

Andreessen Horowitz LSV Fund III, L.P.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Andreessen Horowitz LSV Fund III-B, L.P.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

AH 2022 Annual Fund, L.P.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

AH Equity Partners LSV III, L.L.C.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

AH Equity Partners 2022 Annual Fund, L.L.C.

(Last) (First) (Middle)

2865 SAND HILL ROAD, SUITE 101

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. Promptly following the conversion of Class B Common Stock to Class A Common Stock of the Issuer, Andreessen Horowitz LSV Fund I, L.P. ("AH LSV I") plans to sell up to 503,000 shares of Class A Common Stock of the Issuer and distribute in-kind on a pro-rata basis, without consideration, the remaining shares of Class A Common Stock of the Issuer to its general and limited partners.

2. These shares are held of record by AH LSV I, for itself and as nominee for Andreessen Horowitz LSV Fund I-B, L.P. and Andreessen Horowitz LSV Fund I-Q, L.P. (collectively, the "AH LSV Fund I Entities"). AH Equity Partners LSV I, L.L.C. ("AH EP LSV I"), the general partner of the AH LSV Fund I Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH LSV Fund I Entities. Marc Andreessen and Benjamin Horowitz are the managing members of AH EP LSV I and may be deemed to have shared voting and dispositive power over the shares held by the AH LSV Fund I Entities. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund I Entities and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

3. Promptly following the conversion of Class B Common Stock to Class A Common Stock of the Issuer, Andreessen Horowitz Fund IV, L.P. ("AH IV") plans to distribute in-kind on a pro-rata basis, without consideration, a total of 10,949,014 shares of Class A Common Stock of the Issuer to its general and limited partners.

4. These shares are held of record by AH IV, for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P., and Andreessen Horowitz Fund IV-Q, L.P. (collectively, the "AH Fund IV Entities"). AH Equity Partners IV, L.L.C. ("AH EP IV"), the general partner of the AH Fund IV Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Fund IV Entities. Marc Andreessen and Benjamin Horowitz are the managing members of AH EP IV and may be deemed to have shared voting and dispositive power over the shares held by the AH Fund IV Entities. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Fund IV Entities and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

5. Promptly following the conversion of Class B Common Stock to Class A Common Stock of the Issuer, AH Parallel Fund IV , L.P. ("AH Parallel IV") plans to distribute in-kind on a pro-rata basis, without consideration, a total of 994,899 shares of Class A Common Stock of the Issuer to its general and limited partners.

6. These shares are held of record by AH Parallel IV, for itself and as nominee for AH Parallel Fund IV-A, L.P., AH Parallel Fund IV-B, L.P., and AH Parallel Fund IV-Q, L.P. (collectively, the "AH Parallel Fund IV Entities"). AH Equity Partners IV (Parallel), L.L.C. ("AH EP IV Parallel"), the general partner of the AH Parallel Fund IV Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund IV Entities.

7. (Continued from Footnote 6) Marc Andreessen and Benjamin Horowitz are the managing members of AH EP IV Parallel and may be deemed to have shared voting and dispositive power over the shares held by the AH Parallel Fund IV Entities. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Parallel Fund IV Entities and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

8. Promptly following the conversion of Class B Common Stock to Class A Common Stock of the Issuer, AH Parallel Fund V, L.P. ("AH Parallel V") plans to sell up to 257,000 shares of Class A Common Stock of the Issuer and to distribute in-kind on a pro-rata basis, without consideration, the remaining shares of Class A Common Stock of the Issuer to its general and limited partners.

9. These shares are held of record by AH Parallel V, for itself and as nominee for AH Parallel Fund V-A, L.P., AH Parallel Fund V-B, L.P., and AH Parallel Fund V-Q, L.P. (collectively, the "AH Parallel Fund V Entities"). AH Equity Partners V (Parallel), L.L.C. ("AH EP V Parallel"), the general partner of the AH Parallel Fund V Entities, may be deemed to have sole voting and dispositive power over the shares held by the AH Parallel Fund V Entities. Marc Andreessen and Benjamin Horowitz are the managing members of AH EP V Parallel and may be deemed to have shared voting and dispositive power over the shares held by the AH Parallel Fund V Entities.

10. (Continued from Footnote 9) Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH Parallel Fund V Entities and this report shall not be deemed an admission that such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

11. These shares are held of record by the 1997 Horowitz Family Trust, of which Benjamin Horowitz is a trustee. Each of the Reporting Persons disclaims the existence of a "group" and, other than Benjamin Horowitz, disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that any such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

12. These shares are held of record by the Horowitz 2020 Dynasty Trust. Benjamin Horowitz may be deemed to have shared voting and dispositive power over the shares held by this trust. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that any such person is the beneficial owner of such securities, except to the extent of such person's pecuniary interest therein, if any.

13. 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, and has no expiration date.

Remarks:

This Form 4 is the third of three Forms 4 filed relating to the same event. Combined, the three reports report the holdings for the following Reporting Persons: Andreessen Horowitz Fund IV, L.P., Andreessen Horowitz Fund IV-A, L.P., Andreessen Horowitz Fund IV-B, L.P., Andreessen Horowitz Fund IV-Q, L.P., Andreessen Horowitz LSV Fund I, L.P., Andreessen Horowitz LSV Fund I-B, L.P., Andreessen Horowitz LSV Fund I-Q, L.P., AH Parallel Fund IV, L.P., AH Parallel Fund IV-A, L.P., AH Parallel Fund IV-B, L.P., AH Parallel Fund IV-Q, L.P., AH Parallel Fund V, L.P., AH Parallel Fund V-A, L.P., AH Parallel Fund V-B, L.P., AH Parallel Fund V-Q, L.P., Andreessen Horowitz LSV Fund III, L.P., Andreessen Horowitz LSV Fund III-B, L.P., AH 2022 Annual Fund, L.P., AH Equity Partners IV, L.L.C., AH Equity Partners LSV I, L.L.C., AH Equity Partners IV (Parallel), L.L.C., AH Equity Partners V (Parallel), L.L.C., AH Equity Partners LSV III, L.L.C., AH Equity Partners 2022 Annual Fund, L.L.C. and Benjamin Horowitz. This Form 4 has been split into three filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons.

	Andreessen Horowitz LSV Fund III, L.P., By: AH Equity Partners LSV III, L.L.C., Its: General Partner, By: /s/ Phil Hathaway, Chief Operating Officer	09/08/2025
	Andreessen Horowitz LSV Fund III-B, L.P., By: AH Equity Partners LSV III, L.L.C., Its: General Partner, By: /s/ Phil Hathaway, Chief Operating Officer	09/08/2025
	AH 2022 Annual Fund, L.P., By: AH Equity Partners 2022 Annual Fund, L.L.C., Its: General Partner, By: /s/ Phil Hathaway, Chief Operating Officer	09/08/2025
	AH Equity Partners LSV III, L.L.C., By: /s/ Phil Hathaway, Chief Operating Officer	09/08/2025
	AH Equity Partners 2022 Annual Fund, L.L.C., By: /s/ Phil Hathaway, Chief Operating Officer	09/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did the Form 4 for Samsara (IOT) report?

The Form 4 reports conversion of Class B common stock into Class A common stock on a 1:1 basis by multiple Andreessen Horowitz entities and subsequent in-kind distributions and limited sales.

How many Class A shares are reported as beneficially owned after the conversions?

The filing shows aggregate reported beneficial ownership of approximately 19,759,835 Class A shares across the reporting persons in this filing.

Are any shares being sold to the market according to the filing?

Yes. The filing states AH LSV I plans to sell up to 503,000 shares and AH Parallel V plans to sell up to 257,000 shares; other shares are slated for in-kind distribution to partners.

Does the filing indicate who controls voting or disposition of the shares?

Footnotes identify general partner entities (e.g., AH Equity Partners affiliates) and managing members (Marc Andreessen and Benjamin Horowitz) who may be deemed to have shared voting and dispositive power, while the reporting persons disclaim existence of a "group."

Is this Form 4 the only filing related to this event?

No. The remarks state this Form 4 is the third of three filings covering the same event because more than 10 reporting persons were involved.