IOT Insider Filing: John Bicket 10b5-1 Sales and Trust Holdings Detailed
Rhea-AI Filing Summary
John C. Bicket, Executive Vice President and Chief Technology Officer of Samsara Inc. (IOT), reported multiple changes in beneficial ownership on 09/23/2025–09/25/2025. The filing shows aggregate open-market sales of 170,000 shares of Class A Common Stock executed under Rule 10b5-1 trading plans adopted September 30, 2024, by trusts over which he has voting or investment power. The Form also records a 513,000 share entry on 09/25/2025 (listed as a conversion/acquisition and a subsequent disposition in derivative and non-derivative tables) and reports various restricted stock units and other holdings across trusts and family accounts. The reporting person is identified as a director and a 10% owner. All sales note weighted-average price ranges in footnotes and the filing includes detailed footnotes describing trust ownership and plan origins.
Positive
- Transparent disclosure of multiple transactions with detailed footnotes explaining trusts and price ranges
- Use of Rule 10b5-1 plans documented, indicating trades were pursuant to pre-established plans
- Clear identification of reporting person roles (Director, 10% owner, EVP and CTO)
Negative
- None.
Insights
TL;DR: Insider reported multiple Rule 10b5-1 sales totaling 170,000 Class A shares and related trust holdings; disclosure is procedural and documented.
The Form 4 documents routine dispositions executed under pre-established Rule 10b5-1 plans adopted on 09/30/2024 by trusts associated with the reporting person. The filing quantifies explicit share counts and weighted-average sale price ranges across 09/23–09/25/2025 and discloses beneficial ownership aggregates by account. For analysts, this is a transparent compliance disclosure showing how shares flow among trusts, individual and family accounts and the conversion/derivative entries for 513,000 shares are recorded in both non-derivative and derivative tables with corresponding footnotes. The presentation meets Section 16 reporting requirements and provides contactable undertakings to supply per-transaction price details on request.
TL;DR: The filing reflects governance transparency: insider role, 10% ownership, trust-held shares and use of 10b5-1 plans are disclosed.
The Form clearly identifies the reporting person as a director and 10% owner and details multiple trustee-held accounts over which he retains voting or investment power. The description of transactions includes footnotes explaining trust ownership, transfers to trusts, restricted stock units and convertibility of Class B to Class A shares. Footnoted commitments to provide granular sale pricing indicate adherence to disclosure norms. The record is comprehensive for a Section 16 filing and useful for governance review, as it maps beneficial ownership across personal and trust entities.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 513,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 513,000 | $0.00 | -- |
| Gift | Class A Common Stock | 513,000 | $0.00 | -- |
| Sale | Class A Common Stock | 32,987 | $37.4217 | $1.23M |
| Sale | Class A Common Stock | 3,592 | $38.2005 | $137K |
| Sale | Class A Common Stock | 91,164 | $38.8724 | $3.54M |
| Sale | Class A Common Stock | 9,257 | $39.4403 | $365K |
| Sale | Class A Common Stock | 6,000 | $39.3075 | $236K |
| Sale | Class A Common Stock | 27,000 | $39.0407 | $1.05M |
| 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 B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 30, 2024 by 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"). The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $38.395 to $39.39, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. The number of shares held reflects the transfer of 55,826 shares of Class A Common Stock from the Reporting Person to the Bicket Revocable Trust. Consists of shares held by the Bicket Revocable Trust. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $39.395 to $39.51, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 30, 2024 by Jordan Park Trust Company LLC, Trustee, by Courtney J. Maloney as Trust Officer. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $39.04 to $39.515, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. 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. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $38.54 to $39.52, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. 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. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $37.05 to $38.01, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $38.055 to $38.47, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein. 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. 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. 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. 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. Consists of shares held by the Reporting Person's spouse. 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. 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. 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. 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, 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.
