Form 4: Samsara CEO Sanjit Biswas Transfers Shares to Trusts in Recent Transaction
SEC Form 4
Sanjit Biswas, CEO of Samsara Inc., reports the transfer of shares to various trusts in a recent Form 4 filing with the SEC.
Summary
- Sanjit Biswas, the CEO of Samsara Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
- On September 18, 2024, Biswas transferred 371,111 shares of Class A Common Stock to a trust and disposed of 371,111 shares from a trust.
- The filing also indicates Biswas's indirect ownership of a significant number of Class A and Class B Common Stock through various trusts, including family trusts and annuity trusts.
- Biswas directly owns 1,425,473 shares of Class A Common Stock and 42,210 restricted stock units (RSUs) that will vest on December 15, 2024.
- The Class B Common Stock is convertible to Class A Common Stock on a 1:1 basis.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a transfer of shares. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 7/13/2012 | Date of the Biswas Family Trust u/a/d |
| 11/11/2021 | Date of The Biswas Trust I u/a/d |
| 11/11/2021 | Date of The Biswas Trust I-A u/a/d |
| 11/11/2021 | Date of The Biswas Trust I-A fbo REB u/a/d |
| 11/11/2021 | Date of The Biswas Trust I-A fbo NAmB u/a/d |
| 11/11/2021 | Date of The Biswas Trust I-A fbo NAlB u/a/d |
| 10/14/2021 | Date of The Biswas Trust II u/a/d |
| 1/16/2023 | Date of the Sanjit Biswas 2023 Annuity Trust u/a/d |
| 1/16/2023 | Date of the HB 2023 Annuity Trust u/a/d |
| 3/22/2024 | Date of the Sanjit Biswas 2024 Annuity Trust u/a/d |
| 3/22/2024 | Date of the HB 2024 Annuity Trust u/a/d |
| 09/18/2024 | Date of the reported transaction |
| 09/20/2024 | Date of the signature on the form |
| 12/15/2024 | Vesting date for 42,210 RSUs |
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