Marc Andreessen trust sells 1.11M Samsara (IOT) Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samsara Inc. director Marc Andreessen reported open-market sales of 1,113,660 shares of Class A Common Stock through the LAMA Community Trust, where he serves as trustee. The sales occurred on June 10 and 11 at weighted-average prices ranging from about $32.18 to $34.11 per share. After one of these transactions, the trust’s indirect holdings were reported at 2,256,487 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,113,660 shares ($36,640,353)
Net Sell
4 txns
Insider
Andreessen Marc L
Role
null
Sold
1,113,660 shs ($36.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 468,751 | $32.1791 | $15.08M |
| Sale | Class A Common Stock | 144,909 | $32.5575 | $4.72M |
| Sale | Class A Common Stock | 168,806 | $32.8286 | $5.54M |
| Sale | Class A Common Stock | 331,194 | $34.1094 | $11.30M |
Holdings After Transaction:
Class A Common Stock — 2,401,396 shares (Indirect, See Footnote)
Footnotes (1)
- 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 $32.48 to $33.44, 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 shares are held of record by the LAMA Community Trust, of which the reporting person is a trustee. 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 $33.53 to $34.37, 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 $31.50 to $32.49, 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 $32.50 to $32.81, 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.
Key Figures
Total shares sold: 1,113,660 shares
Sale on June 11 (block 1): 144,909 shares at $32.5575
Sale on June 11 (block 2): 468,751 shares at $32.1791
+3 more
6 metrics
Total shares sold
1,113,660 shares
Aggregate open-market sales reported in Form 4
Sale on June 11 (block 1)
144,909 shares at $32.5575
Class A Common Stock, indirect ownership
Sale on June 11 (block 2)
468,751 shares at $32.1791
Class A Common Stock, indirect ownership
Sale on June 10 (block 1)
331,194 shares at $34.1094
Class A Common Stock, indirect ownership
Sale on June 10 (block 2)
168,806 shares at $32.8286
Class A Common Stock, indirect ownership
Post-trade holdings example
2,256,487 shares
Indirect Class A holdings after one June 11 sale
Key Terms
open-market sale, weighted-average price, indirect ownership, trustee
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted-average price financial
"reflect the aggregate number and weighted-average price of shares sold"
indirect ownership financial
"direct_or_indirect: I, ownership_type: indirect"
trustee financial
"LAMA Community Trust, of which the reporting person is a trustee"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
FAQ
What insider transaction did Samsara Inc. (IOT) disclose for Marc Andreessen?
Samsara disclosed that Marc Andreessen reported open-market sales of 1,113,660 shares of Class A Common Stock. The transactions were executed through the LAMA Community Trust over June 10 and 11 at weighted-average prices in the low to mid-$30 range.