Samsara (NYSE: IOT) CEO converts 2,070,755 shares and gifts stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samsara Inc. CEO Sanjit Biswas reported a mix of share conversions and a stock gift involving Class A and Class B Common Stock. On June 16, 2026, entities associated with him converted an aggregate of 2,070,755 shares in derivative positions (Class B Common Stock) into Class A Common Stock using code C for derivative conversions.
The filing also shows a bona fide gift of 230,303 shares of Class A Common Stock, recorded as an indirect transaction under code G. After these updates, one line shows Biswas holding 1,506,662 shares of Class A Common Stock directly, while various trusts and related entities hold large Class B positions, including an entry with 64,193,014 shares of Class B Common Stock, each share convertible into one share of Class A at any time.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,070,755 shares exercised/converted
Mixed
15 txns
Insider
Biswas Sanjit
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 1,540,755 | $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 | 1,540,755 | $0.00 | -- |
| Conversion | Class A Common Stock | 100,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 430,000 | $0.00 | -- |
| Gift | Class A Common Stock | 230,303 | $0.00 | -- |
| 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 B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 64,193,014 shares (Indirect, See footnote);
Class A Common Stock — 1,997,974 shares (Indirect, See footnote);
Class A Common Stock — 1,506,662 shares (Direct, null)
Footnotes (1)
- The number of shares held reflects the transfer of 70,090 shares of Class A Common Stock on June 10, 2026 and (ii) 80,073 shares of Class A Common Stock on June 15, 2026 from the Reporting Person to 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 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. 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. Consists of shares held by Sanjit Biswas, Trustee of the Sanjit Biswas 2026 Annuity Trust u/a/d 3/31/2026, over which the Reporting Person has voting or investment power. Consists of shares held by HB, Trustee of the HB 2026 Annuity Trust u/a/d 3/31/2026, over which the Reporting Person has voting or investment power.
Key Figures
Gifted Class A shares: 230,303 shares
Shares converted via derivatives: 2,070,755 shares
Direct Class A holdings: 1,506,662 shares
+3 more
6 metrics
Gifted Class A shares
230,303 shares
Bona fide gift, transaction code G on June 16, 2026
Shares converted via derivatives
2,070,755 shares
Aggregate derivative conversions coded C on June 16, 2026
Direct Class A holdings
1,506,662 shares
Class A Common Stock held directly after transactions
Large Class B indirect position
64,193,014 shares
Class B Common Stock indirectly held after a 1,540,755-share conversion
Indirect Class A balance post-gift
1,767,671 shares
Class A Common Stock indirectly held after 230,303-share gift
Single derivative block underlying shares
3,750,000 shares
Underlying Class A shares for one Class B derivative position
Key Terms
bona fide gift, restricted stock units (RSUs), Class B Common Stock, voting or investment power, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
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.
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.
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.
voting or investment power financial
"over which the Reporting Person has voting or investment power"
annuity trust financial
"Sanjit Biswas 2026 Annuity Trust u/a/d 3/31/2026, over which the Reporting Person"
FAQ
What insider transactions did Samsara (IOT) CEO Sanjit Biswas report?
Sanjit Biswas reported derivative conversions and a stock gift. Entities associated with him converted 2,070,755 Class B-linked derivative shares into Class A, and an indirect account made a bona fide gift of 230,303 Class A shares, with no open-market buys or sells disclosed.
How large was the stock gift reported by Samsara (IOT) CEO Biswas?
The Form 4 records a bona fide gift of 230,303 shares of Class A Common Stock. This gift is coded G, carries a price per share of $0.0000, and is reported as an indirect transaction tied to an entity described in the footnotes rather than a market sale.
What are Sanjit Biswas’s direct Class A holdings in Samsara (IOT) after these transactions?
One line in the filing shows Biswas directly holding 1,506,662 shares of Class A Common Stock after the reported transactions. Additional Class A and Class B interests are held indirectly through various family and annuity trusts where he has voting or investment power, as detailed in footnotes.
How are Samsara (IOT) CEO Biswas’s indirect holdings structured?
Indirect holdings are spread across multiple trusts and related entities. Footnotes state that Biswas has voting or investment power over the Biswas Family Trust and several annuity trusts, and that certain Class B positions, including one with 64,193,014 shares, are held through these structures.