Samsara CTO gifts 305K shares after conversion
Rhea-AI Filing Summary
Samsara Inc. (IOT) reported that Executive Vice President and Chief Technology Officer John Bicket, who is also a director and more than ten percent owner, converted 305,000 shares of indirectly held Class B Common Stock into the same number of Class A shares on September 15, 2026. Those 305,000 Class A shares were then transferred as a bona fide gift, with the shares held through the Bicket Revocable Trust over which he has voting or investment power. Class B shares are convertible into Class A on a one-for-one basis, and Bicket continues to hold substantial additional Class B interests indirectly through multiple trusts, as well as 450,907 Class A restricted stock units held directly. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
305,000 shares exercised/converted
Exercise
15 txns
Insider
Bicket John
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6, F2 | 305,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2 | 305,000 | $0.00 | $0.00 |
| Gift | Class A Common Stock F2 | 305,000 | $0.00 | $0.00 |
| holding | Class B Common Stock F6, F4 | -- | -- | -- |
| holding | Class B Common Stock F6, F5 | -- | -- | -- |
| holding | Class B Common Stock F6, F7 | -- | -- | -- |
| holding | Class B Common Stock F6, F8 | -- | -- | -- |
| holding | Class B Common Stock F6, F9 | -- | -- | -- |
| holding | Class B Common Stock F6, F10 | -- | -- | -- |
| holding | Class B Common Stock F6, F11 | -- | -- | -- |
| holding | Class B Common Stock F6, F12 | -- | -- | -- |
| holding | Class B Common Stock F6, F13 | -- | -- | -- |
| holding | Class A Common Stock F1, F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 92,135,340 contracts for 30,579,918 underlying shares (Indirect, See footnote);
Class A Common Stock — 1,518,698 shares (Indirect, See footnote);
Class A Common Stock — 450,907 shares (Direct)
Footnotes (13)
- F1. The number of shares held reflects the transfer of (i) 20,070 shares of Class A Common Stock on September 10, 2026 and (ii) 30,533 shares of Class A Common Stock on September 15, 2026 from the Reporting Person to 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").
- F2. Consists of shares held by the Bicket Revocable Trust.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. Consists of shares held by the Reporting Person's spouse.
- F9. 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.
- F10. 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.
- F11. 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,
- F12. 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.
- F13. Consists of shares held by John C. Bicket, Trustee of The John C. Bicket 2026 Annuity Trust u/a/d 3/31/2026, over which the Reporting Person has voting or investment power,
Key Figures
Class B shares converted: 305,000 shares
Class A shares received on conversion: 305,000 shares
Class A shares transferred as gift: 305,000 shares
+4 more
7 metrics
Class B shares converted
305,000 shares
Class B Common Stock converted into Class A on September 15, 2026
Class A shares received on conversion
305,000 shares
Class A Common Stock received from conversion of Class B on September 15, 2026
Class A shares transferred as gift
305,000 shares
Bona fide gift of Class A Common Stock on September 15, 2026
Direct RSU holdings
450,907 units
Restricted stock units representing a right to receive Class A shares
Large indirect Class B block 1
4,132,490 underlying shares
Class B interests indirectly held, convertible into Class A
Large indirect Class B block 2
15,867,416 underlying shares
Additional Class B interests indirectly held, convertible into Class A
Indirect Class B annuity trust block
7,500,000 underlying shares
Class B interests held through a 2026 annuity trust, convertible into Class A
Key Terms
restricted stock units (RSUs), bona fide gift, revocable trust, voting or investment power, +1 more
5 terms
restricted stock units (RSUs) financial
"These securities are restricted stock units (RSUs). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
bona fide gift financial
"transaction was reported as a bona fide gift of Class A Common Stock"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"John C. Bicket Revocable Trust u/a/d 2/15/2013, over which the Reporting Person"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
voting or investment power financial
"over which the Reporting Person has voting or investment power"
Class B Common Stock financial
"The Class B Common Stock is convertible at any time, at the holder's election"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Samsara (IOT) insider John Bicket do on September 15, 2026?
He converted 305,000 Class B shares held indirectly into 305,000 Class A shares and then transferred those Class A shares as a bona fide gift, with the positions held through the Bicket Revocable Trust over which he has voting or investment power.
How many Samsara (IOT) restricted stock units does John Bicket hold after these transactions?
He holds 450,907 restricted stock units (RSUs) directly. Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions described for the RSUs.
Were John Bicket’s Samsara (IOT) transactions made under a Rule 10b5-1 plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported in connection with these transactions, so the conversions and the bona fide gift are not described as occurring under a pre-arranged trading plan.
What other indirect Samsara (IOT) holdings does John Bicket report?
He reports multiple indirect Class B positions through various trusts, including blocks convertible into 4,132,490 and 15,867,416 shares of Class A Common Stock, among others, over which he has voting or investment power as described in the trust-related footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
