Form 4: Andreessen Horowitz Funds Report Changes in Samsara Inc. (IOT) Holdings

Andreessen Horowitz's affiliated funds report the acquisition and disposition of Class A and Class B Common Stock of Samsara Inc. (IOT) on March 10, 2025.

Summary

• On March 10, 2025, several Andreessen Horowitz-affiliated funds engaged in transactions involving Samsara Inc. (IOT) Class A Common Stock.
• AH Parallel Fund IV, L.P. and related entities, along with AH Parallel Fund V, L.P. and related entities, are among the reporting entities.
• The transactions included the acquisition of 219,698 shares and 73,233 shares of Class A Common Stock through conversion of Class B Common Stock by Andreessen Horowitz LSV Fund I, L.P. and AH Parallel Fund V, L.P. respectively.
• Sales of Class A Common Stock were executed at weighted average prices of $34.06 and $34.62.
• The sales prices ranged from $33.50 to $34.495 and $34.50 to $34.85, respectively.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
• The filing is split into three forms due to SEC limitations on the number of reporting persons per form.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about ownership changes.

Industry Context

This Form 4 filing reflects the ongoing investment activity of a major venture capital firm, Andreessen Horowitz, in a publicly traded company, Samsara Inc., operating in the IoT space. Such filings are common and provide transparency into the transactions of significant shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for significant shareholders, including venture capital firms, when they trade shares of publicly listed companies.
• The reported transactions are typical for venture capital firms managing large portfolios, where periodic adjustments to holdings are expected.
• Similar filings can be observed for other venture capital firms like Sequoia Capital, Kleiner Perkins, and Accel Partners when they trade shares of their portfolio companies such as Snowflake, Datadog, and CrowdStrike.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership structure.
• The filing provides transparency to stakeholders regarding the investment activities of major shareholders.

Key Dates