Form 4: Andreessen Horowitz Funds Report Changes in Samsara Inc. Beneficial Ownership

Andreessen Horowitz LSV Fund III, L.P. and related entities report the acquisition and disposition of Class A and Class B Common Stock of Samsara Inc. on March 10, 2025.

Summary

• Andreessen Horowitz LSV Fund III, L.P., along with related entities, filed a Form 4 detailing changes in beneficial ownership of Samsara Inc. (IOT) stock.
• The transactions occurred on March 10, 2025, and involved both the acquisition and disposition of Class A Common Stock.
• The reported transactions include the acquisition of 219,698 shares and 73,233 shares of Class A Common Stock at $0 by Andreessen Horowitz LSV Fund I, L.P. and AH Parallel Fund V, L.P. respectively.
• Additionally, sales of Class A Common Stock were executed at an average price of $34.06 and $34.62.
• After the reported transactions, Andreessen Horowitz LSV Fund III, L.P. beneficially owns 3,995,652 shares of Class A Common Stock, and the 1997 Horowitz Family Trust owns 1,659,115 shares.
• The filing also reports beneficial ownership of Class B Common Stock convertible to Class A Common Stock by various Andreessen Horowitz entities.
• The filing clarifies that the reporting persons disclaim the existence of a 'group' and disclaim beneficial ownership of securities held by certain entities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about changes in ownership by major shareholders.
• The filing provides transparency regarding insider transactions.

Key Dates