Form 4: Samsara CFO Dominic Phillips Sells Shares to Cover Tax Obligations

Samsara's CFO, Dominic Phillips, disposed of shares to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• Dominic Phillips, the CFO of Samsara Inc., sold shares of Class A Common Stock on September 16, 2024.
• The sales were conducted in multiple transactions at weighted-average prices of $45.7076 and $46.4098.
• These sales were non-discretionary and intended to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
• Phillips also transferred 61,020 shares of Class A Common Stock to The Phillips Family Trust.
• Following these transactions, Phillips directly owns 882,664 shares and indirectly owns 1,122,836 shares through the Phillips Family Trust.

Sentiment

Score: 5

Explanation: This is a neutral event. The share sale is related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

This is a routine filing related to insider transactions, specifically the sale of shares to cover tax obligations arising from the vesting of restricted stock units, which is a common practice among executives.

Related Party Transactions

• A transfer of 61,020 shares of Class A Common Stock from Dominic Phillips to The Phillips Family Trust occurred.

Stakeholder Impact

• The share sales may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold.

Key Dates