Form 4: General Catalyst Distributes Samsara Inc. Shares to Partners

GC Venture VIII, LLC distributed Samsara Inc. Class A Common Stock to its partners in a pro-rata, in-kind distribution.

Summary

• GC Venture VIII, LLC distributed 3,943,716 shares of Samsara Inc. Class A Common Stock to its general and limited partners on March 20, 2024.
• The distribution was conducted on a pro-rata basis without consideration.
• GCVVIII Manager distributed 600,225 shares of Class A Common Stock to its general and limited partners on March 22, 2024.
• GCGM Investment Holdings, LP acquired 68,904 shares of Class A Common Stock on March 22, 2024.
• These transactions are reported by several entities related to General Catalyst, including GC Venture VIII, LLC, General Catalyst Group VIII, L.P., GC Venture VIII-B, LLC, General Catalyst Group X Endurance, L.P., General Catalyst Group XI Endurance, L.P., and GCGM Investment Holdings, LP.
• The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to share distribution, indicating a neutral sentiment.

Industry Context

Venture capital firms often distribute shares of portfolio companies to their limited partners as part of their fund lifecycle.

Stakeholder Impact

• The distribution of shares may impact the holdings of existing shareholders.
• The distribution of shares may impact the trading volume of the stock.

Key Dates