Samsara (NYSE: IOT) CEO-linked trusts sell Class A stock under 10b5-1
Rhea-AI Filing Summary
Samsara Inc. insider activity shows entities associated with Chief Executive Officer and 10% owner Sanjit Biswas converting and selling shares on January 6, 2026. The Biswas Family Trust and related trusts converted 1,970,000, 100,000, and 430,000 shares of Class B Common Stock into the same number of Class A shares at an exercise price of $0 per share, with Biswas having voting or investment power over these trusts.
Following these conversions, the Biswas Family Trust sold 106,169 Class A shares at a weighted-average price of $34.057 and 101,831 shares at $34.8947, under a Rule 10b5-1 trading plan adopted on September 29, 2025. Separate Jordan Park–administered trusts sold 10,600 Class A shares at $33.9931, 35,392 shares at $34.0565, and 9,908 shares at $34.7711, also under a Rule 10b5-1 plan.
Biswas continues to report substantial indirect holdings of Class B stock, all convertible 1:1 into Class A, through the Biswas Family Trust, multiple annuity trusts, and his spouse, as well as 902,213 Class A restricted stock units directly owned.
Positive
- None.
Negative
- None.
FAQ
What insider transactions did Samsara (IOT) report for Sanjit Biswas on January 6, 2026?
The report shows entities associated with CEO Sanjit Biswas converting 1,970,000, 100,000, and 430,000 shares of Class B Common Stock into the same number of Class A shares at an exercise price of $0 per share, followed by several sales of Class A shares by the Biswas Family Trust and related trusts.
How many Samsara (IOT) shares were sold by trusts related to Sanjit Biswas, and at what prices?
The Biswas Family Trust sold 106,169 Class A shares at a weighted-average price of $34.057 and 101,831 shares at $34.8947. Jordan Park–administered trusts sold 10,600 shares at $33.9931, 35,392 shares at $34.0565, and 9,908 shares at $34.7711. Each "Amount" and "Price" figure reflects aggregate totals and weighted-average prices across multiple trades within stated price ranges.
Were the Samsara (IOT) insider sales by Sanjit Biswas or related trusts under a Rule 10b5-1 plan?
Yes. Footnotes state that sales by the Biswas Family Trust and by Jordan Park Trust Company LLC as trustee were effected under Rule 10b5-1 trading plans adopted on September 29, 2025. These plans pre-set trading instructions in advance.
What is the relationship between the Class A and Class B shares in this Samsara (IOT) Form 4?
Footnote F12 explains that Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis. Several transactions report such conversions of Class B into Class A at an exercise price of $0 per share.
What ongoing indirect holdings does Sanjit Biswas report in Samsara (IOT) after these transactions?
After the reported activity, Biswas continues to report substantial indirect ownership of Class B Common Stock through the Biswas Family Trust, multiple 2024 and 2025 annuity trusts, and his spouse, all convertible 1:1 into Class A shares. He also reports direct ownership of 902,213 Class A restricted stock units, each representing a contingent right to receive one Class A share, subject to vesting.
How are the Samsara (IOT) shares in this Form 4 held in relation to Sanjit Biswas personally?
The filing explains that many shares are held by entities such as the Biswas Family Trust, The Biswas Trust I, The Biswas Trust II, annuity trusts, and Biswas's spouse. Footnotes state that the reporting person has voting or investment power over these entities' holdings, which are therefore reported as indirect beneficial ownership.