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Samsara (NYSE: IOT) CEO-linked trusts sell Class A stock under 10b5-1

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4

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.
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).
X
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*
Biswas Sanjit

(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 X 10% Owner
X Officer (give title below) Other (specify below)
CHIEF EXECUTVE OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026
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 01/06/2026 C 1,970,000 A $0 1,970,000 I See footnote(1)
Class A Common Stock 01/06/2026 C 100,000 A $0 100,000 I See footnote(2)
Class A Common Stock 01/06/2026 C 430,000 A $0 430,000 I See footnote(3)
Class A Common Stock 01/06/2026 S(4) 106,169 D $34.057(5) 1,863,831 I See footnote(6)
Class A Common Stock 01/06/2026 S(4) 101,831 D $34.8947(7) 1,762,000 I See footnote(6)
Class A Common Stock 01/06/2026 S(8) 10,600 D $33.9931(9) 89,400 I See footnote(2)
Class A Common Stock 01/06/2026 S(8) 35,392 D $34.0565(5) 394,608 I See footnote(3)
Class A Common Stock 01/06/2026 S(8) 9,908 D $34.7711(10) 384,700 I See footnote(3)
Class A Common Stock 902,213(11) 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
Class B Common Stock $0 01/06/2026 C 1,970,000 (12) (12) Class A Common Stock 1,970,000 $0 73,574,394 I See footnote(6)
Class B Common Stock $0 01/06/2026 C 100,000 (12) (12) Class A Common Stock 100,000 $0 3,831,438 I See footnote(2)
Class B Common Stock $0 01/06/2026 C 430,000 (12) (12) Class A Common Stock 430,000 $0 16,297,416 I See footnote(3)
Class B Common Stock $0 (12) (12) Class A Common Stock 1,286,597 1,286,597 I See footnote(13)
Class B Common Stock $0 (12) (12) Class A Common Stock 59,351 59,351 I See footnote(14)
Class B Common Stock $0 (12) (12) Class A Common Stock 59,351 59,351 I See footnote(15)
Class B Common Stock $0 (12) (12) Class A Common Stock 474,833 474,833 I See footnote(16)
Class B Common Stock $0 (12) (12) Class A Common Stock 474,833 474,833 I See footnote(17)
Explanation of Responses:
1. Consists of shares held by SB and HB, Co-Trustees of the Biswas Family Trust u/a/d 7/13/2012, over which the Reporting Person has voting or investment power (the "Biswas Family Trust").
2. Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust I u/a/d 11/11/2021, over which the Reporting Person has voting or investment power.
3. Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Biswas Trust II u/a/d 10/14/2021, over which the Reporting Person has voting or investment power.
4. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025 by the Biswas Family Trust.
5. 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 $33.64 to $34.63, 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.
6. Consists of shares held by the Biswas Family Trust.
7. 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 $34.64 to $35.145, 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.
8. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025 by Jordan Park Trust Company LLC, Trustee, by Courtney J. Maloney as Trust Officer.
9. 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 $33.64 to $34.35, 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.
10. 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 $34.64 to $34.95, 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.
11. 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.
12. 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.
13. Consists of shares held by the Reporting Person's spouse.
14. Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2024 Annuity Trust u/a/d 3/22/2024, over which the Reporting Person has voting or investment power.
15. Consists of shares held by HB, Trustee of the HB 2024 Annuity Trust u/a/d 3/22/2024, over which the Reporting Person has voting or investment power.
16. Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2025 Annuity Trust u/a/d 3/25/2025, over which the Reporting Person has voting or investment power.
17. Consists of shares held by HB, Trustee of the HB 2025 Annuity Trust u/a/d 3/25/2025, over which the Reporting Person has voting or investment power.
/s/ Adam Eltoukhy, attorney-in-fact on behalf of Sanjit Biswas 01/08/2026
** 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 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.

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United States
SAN FRANCISCO