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

Dominic Phillips, CFO of Samsara Inc., executed multiple sales of Class A Common Stock on May 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 May 1, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on December 21, 2023.
• A total of 21,053 shares of Class A Common Stock were transferred from The Phillips Family Trust to the Reporting Person.
• The weighted-average sale prices ranged from $33.92 to $36.31 per share.
• Following the reported transactions, Phillips directly owns 1,137,252 shares and indirectly owns 1,082,869 shares through The Phillips Family Trust.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.

Related Party Transactions

• 21,053 shares of Class A Common Stock were transferred from The Phillips Family Trust dated 5/9/2013, of which the Reporting Person and his spouse serve as trustees, to the Reporting Person.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates