Form 4: Samsara CEO Sanjit Biswas Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Sanjit Biswas, CEO of Samsara Inc., sold shares of Class A Common Stock on May 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Sanjit Biswas, the CEO of Samsara Inc., executed multiple sales of Class A Common Stock on May 28, 2024.
- The sales were conducted under a Rule 10b5-1 trading plan adopted on September 29, 2023, by the co-trustees of the Biswas Family Trust.
- A total of 95,999 shares were sold at weighted-average prices ranging from $37.6865 to $39.1333.
- Following the transactions, Biswas directly owns 1,703,391 shares of Class A Common Stock.
- Biswas also indirectly owns shares through various trusts, including the Biswas Family Trust (1,488,712 shares), The Biswas Trust I (153,600 shares), and The Biswas Trust II (614,400 shares).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock sales by an insider under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 2012/07/13 | Date of Biswas Family Trust u/a/d |
| 2021/10/14 | Date of The Biswas Trust II u/a/d |
| 2021/11/11 | Date of The Biswas Trust I u/a/d |
| 2023/09/29 | Date of adoption of Rule 10b5-1 trading plan |
| 2024/05/28 | Date of stock sales |
| 2024/05/30 | Date of Form 4 filing |
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