Form 4: Samsara CFO Executes Pre-Arranged Stock Sales Under 10b5-1 Plan

Dominic Phillips, Samsara Inc.'s Chief Financial Officer, sold 18,333 shares of Class A Common Stock on July 1, 2025, as part of a pre-established Rule 10b5-1 trading plan.

Summary

• Dominic Phillips, Samsara Inc.'s Executive Vice President and Chief Financial Officer, reported sales of Class A Common Stock.
• On July 1, 2025, Phillips sold 10,860 shares at a weighted-average price of $38.9619 per share, with individual transaction prices ranging from $38.28 to $39.25.
• On the same date, an additional 7,473 shares were sold at a weighted-average price of $39.5207 per share, with individual transaction prices ranging from $39.28 to $40.05.
• These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on December 31, 2024.
• Following these sales, Dominic Phillips directly beneficially owns 793,735 shares of Class A Common Stock.
• Phillips also indirectly beneficially owns 1,097,402 shares through The Phillips Family Trust dated May 9, 2013, where he and his spouse serve as trustees.
• The reported shares held reflect a transfer of 18,333 shares of Class A Common Stock from The Phillips Family Trust to the Reporting Person.

Sentiment

Score: 5

Explanation: The document reports routine insider stock sales executed under a pre-arranged Rule 10b5-1 trading plan, which is a common practice for executives and does not inherently signal a change in company outlook. The sales reduce direct insider ownership but are not indicative of negative sentiment.

Positives

• Sales were conducted under a Rule 10b5-1 trading plan, adopted on December 31, 2024, indicating pre-scheduled transactions rather than opportunistic selling.

Negatives

• Dominic Phillips, the CFO, reduced his direct beneficial ownership by a total of 18,333 shares.

Risks

• A reduction in direct insider ownership, even if pre-planned, could be perceived negatively by some investors.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Transfer of 18,333 shares of Class A Common Stock from The Phillips Family Trust (where the Reporting Person and spouse are trustees) to the Reporting Person.
• Indirect beneficial ownership of 1,097,402 shares held by The Phillips Family Trust.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of the CFO has decreased, though the sales were pre-planned under a 10b5-1 plan, which typically mitigates concerns about opportunistic selling.

Key Dates

Keywords

Samsara Inc., IOT, Form 4, SEC filing, insider trading, beneficial ownership, Dominic Phillips, CFO, stock sale, 10b5-1 plan, Class A Common Stock