On January 2, 2024, Samsara Inc., a Delaware-incorporated company listed on the New York Stock Exchange under the symbol IOT, filed a Form 8-K with the SEC to announce the initiation of pre-arranged stock trading plans by its top executives. Sanjit Biswas, CEO and co-founder, along with John Bicket, CTO and co-founder, have set up these plans for affiliated family trusts to facilitate asset diversification and liquidity. The plans, which were adopted on September 29, 2023, and disclosed in a previous quarterly report, will allow for the sale of shares from January 2, 2024, through December 28, 2024, to minimize market impact. The sales are subject to SEC Rule 144 volume limitations and other conditions of the trading plans. Biswas and Bicket currently hold approximately...Show More

On January 2, 2024, Samsara Inc., a Delaware-incorporated company listed on the New York Stock Exchange under the symbol IOT, filed a Form 8-K with the SEC to announce the initiation of pre-arranged stock trading plans by its top executives. Sanjit Biswas, CEO and co-founder, along with John Bicket, CTO and co-founder, have set up these plans for affiliated family trusts to facilitate asset diversification and liquidity. The plans, which were adopted on September 29, 2023, and disclosed in a previous quarterly report, will allow for the sale of shares from January 2, 2024, through December 28, 2024, to minimize market impact. The sales are subject to SEC Rule 144 volume limitations and other conditions of the trading plans. Biswas and Bicket currently hold approximately 218.05 million shares of Samsara, representing about 40.37% of the company's outstanding shares as of October 28, 2023. They each plan to sell up to 5 million shares from the trusts, which would leave them with a collective ownership of approximately 38.52% of the outstanding shares, assuming no other capital stock changes. These transactions will be made in compliance with Rule 10b5-1(c) for affirmative defense against insider trading and will be reported to the SEC as required.