Form 4: Andreessen Horowitz Funds Distribute, Sell Samsara Shares

Marc Andreessen, a director of Samsara Inc., reported distributions of Class A Common Stock from various Andreessen Horowitz funds and subsequent sales of shares by these entities.

Summary

• Marc Andreessen, a director of Samsara Inc., reported changes in beneficial ownership of Class A Common Stock through various Andreessen Horowitz affiliated entities.
• On September 8, 2025, several Andreessen Horowitz funds (AH LSV Fund I, AH Fund IV, AH Parallel Fund IV, AH Parallel Fund V) converted a total of 16,276,565 shares of Class B Common Stock into Class A Common Stock.
• Immediately following these conversions on September 8, 2025, these funds distributed a total of 15,516,565 shares of Class A Common Stock to their limited partners and general partners for no consideration.
• As a result of these distributions, entities associated with Marc Andreessen, specifically a16z Capital Management, L.L.C. and LAMA Community Trust, acquired a combined 933,791 shares of Class A Common Stock.
• On September 9, 2025, Andreessen Horowitz LSV Fund I, L.P., AH Parallel Fund V, L.P., and a16z Capital Management, L.L.C. collectively sold 793,331 shares of Class A Common Stock.
• The sales occurred at weighted average prices ranging from $37.38 to $40.10 per share.

Sentiment

Score: 5

Explanation: Neutral, as Form 4 reports factual transactions without inherent positive or negative implications for company performance.

Future Outlook

No forward-looking statements or guidance are provided in this transactional filing.

Industry Context

This filing reports specific insider transactions and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Marc Andreessen, a director, received shares of Class A Common Stock as part of pro rata distributions from Andreessen Horowitz affiliated funds (AH LSV Fund I, AH Fund IV, AH Parallel Fund IV, AH Parallel Fund V) for no consideration. These funds are managed by entities where Mr. Andreessen is a managing member.

Stakeholder Impact

• Shareholders: The distributions and subsequent sales by affiliated funds and a director could increase the public float and may be interpreted by some investors as a signal regarding the stock's valuation.
• Investors: The transactions provide transparency into the holdings and activities of a significant insider and affiliated entities.

Next Steps

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request to the Issuer, any security holder, or the SEC staff.

Key Dates

Keywords

Samsara Inc., IOT, Marc Andreessen, Andreessen Horowitz, Form 4, Insider Trading, Stock Sales, Class A Common Stock, Venture Capital