Form 4: Andreessen Horowitz Funds Distribute Samsara Inc. Shares Following Class B to Class A Conversion

Andreessen Horowitz and affiliated funds are distributing Samsara Inc. Class A Common Stock to their partners after converting Class B shares.

Summary

• Andreessen Horowitz LSV Fund I, L.P. plans to distribute 2,401,999 shares of Class A Common Stock to its partners following the conversion of Class B Common Stock.
• Andreessen Horowitz Fund IV, L.P. plans to distribute 10,949,016 shares of Class A Common Stock to its partners after converting Class B shares.
• AH Parallel Fund IV, L.P. plans to distribute 994,901 shares of Class A Common Stock to its partners following the conversion of Class B shares.
• The distributions are planned to be in-kind and pro-rata, without consideration.
• The filing also reports holdings by Andreessen Horowitz LSV Fund III, L.P. of 3,995,652 Class A Common Stock shares and The 1997 Horowitz Family Trust of 29,797 Class A Common Stock shares.
• The Class B Common Stock is convertible at any time into Class A Common Stock on a 1:1 basis.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing a planned distribution of shares. The sentiment is neutral as it reflects standard operational procedures following a conversion event.

Future Outlook

The document outlines planned distributions of Class A Common Stock following the conversion of Class B shares, indicating a shift in the holdings structure of Andreessen Horowitz and affiliated funds.

Industry Context

This filing reflects standard practice for venture capital firms distributing shares to their limited partners after a conversion event. It's common for large shareholders to adjust their holdings structure, especially after a company goes public.

Stakeholder Impact

• The distribution of shares may increase the number of individual shareholders of Samsara Inc.

Key Dates