Form 4: Samsara CFO Dominic Phillips Sells Shares Under 10b5-1 Trading Plan

Dominic Phillips, CFO of Samsara Inc., executed sales of Class A Common Stock on October 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Dominic Phillips, the CFO of Samsara Inc., reported the sale of Class A Common Stock on October 1, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 21, 2023.
• A total of 20,447 shares were sold at a weighted-average price of $46.7834, with individual prices ranging from $46.43 to $47.39.
• An additional 300 shares were sold at a weighted-average price of $47.4933, with individual prices ranging from $47.47 to $47.54.
• Phillips also reported a transfer of 20,747 shares of Class A Common Stock from The Phillips Family Trust to himself.
• Following the reported transactions, Phillips directly owns 882,664 shares of Class A Common Stock and indirectly owns 1,102,089 shares through The Phillips Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Executive selling of shares is a common practice, often executed under pre-arranged trading plans like Rule 10b5-1 to avoid accusations of insider trading. The filing provides transparency into these transactions.

Stakeholder Impact

• The stock sales by a key executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates