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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,970,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 100,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 430,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 1,970,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 100,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 430,000 | $0.00 | -- |
| Sale | Class A Common Stock | 106,169 | $34.057 | $3.62M |
| Sale | Class A Common Stock | 101,831 | $34.8947 | $3.55M |
| Sale | Class A Common Stock | 10,600 | $33.9931 | $360K |
| Sale | Class A Common Stock | 35,392 | $34.0565 | $1.21M |
| Sale | Class A Common Stock | 9,908 | $34.7711 | $345K |
| 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)
- 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"). 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. 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. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025 by the Biswas Family 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 $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. Consists of shares held by the Biswas Family 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 $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. 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. 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. 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. 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 the Reporting Person's spouse. 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. 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. 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. 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.
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.
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.