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

Dominic Phillips, CFO of Samsara Inc., sold shares of Class A Common Stock to cover tax withholding obligations related to the settlement of restricted stock units.

Summary

• On March 15, 2024, Dominic Phillips, the CFO of Samsara Inc., disposed of shares of Class A Common Stock.
• The sales were conducted in multiple transactions at weighted-average prices of $34.8136 and $35.6208.
• These transactions were non-discretionary and intended to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
• Phillips sold 55,385 shares at an average price of $34.8136 and 8,482 shares at an average price of $35.6208.
• Following the reported transactions, Phillips directly owns 1,137,252 shares of Class A Common Stock.
• Phillips also indirectly owns 1,125,612 shares through the Phillips Family Trust.
• A transfer of 63,796 shares of Class A Common Stock from Phillips to The Phillips Family Trust occurred.

Sentiment

Score: 5

Explanation: The document describes routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and wealth management. It is important to consider the context of these sales, such as the executive's overall holdings and the reasons for the sale.

Related Party Transactions

• A transfer of 63,796 shares of Class A Common Stock from the Reporting Person to The Phillips Family Trust occurred.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial performance.

Key Dates