Form 4: Samsara CTO Bicket Converts, Sells Shares in Pre-Planned Trades

Samsara Inc. Director and CTO John Bicket reported significant Class B to Class A stock conversions and subsequent sales totaling over 260,000 shares through pre-arranged trading plans.

Summary

• John Bicket, a Director, 10% Owner, Executive Vice President, and Chief Technology Officer of Samsara Inc. [IOT], reported transactions on January 6, 2026.
• Bicket converted 1,970,000 shares of Class B Common Stock to Class A Common Stock held by the Bicket Revocable Trust.
• An additional 100,000 shares of Class B Common Stock were converted to Class A Common Stock held by The Bicket-Dobson Trust I.
• Furthermore, 430,000 shares of Class B Common Stock were converted to Class A Common Stock held by The Bicket-Dobson Trust II.
• Following these conversions, Bicket, through the Bicket Revocable Trust, sold a total of 208,000 shares of Class A Common Stock at weighted-average prices of $34.0575 and $34.895.
• Through The Bicket-Dobson Trust I, 10,600 shares of Class A Common Stock were sold at a weighted-average price of $33.9939.
• Through The Bicket-Dobson Trust II, a total of 45,300 shares of Class A Common Stock were sold at weighted-average prices of $34.0551 and $34.7697.
• All sales were executed under Rule 10b5-1 trading plans adopted on September 29, 2025.
• Bicket also holds 255,989 restricted stock units (RSUs) directly.
• Following these transactions, Bicket's indirect beneficial ownership of Class A Common Stock through various trusts totals 4,494,636 shares, and indirect beneficial ownership of Class B Common Stock totals 90,146,869 shares across multiple trusts and his spouse.

Sentiment

Score: 5

Explanation: The filing reports routine, pre-planned insider transactions (conversions and sales) which are neutral in sentiment. While sales can sometimes be viewed negatively, the existence of a 10b5-1 plan mitigates this, indicating a structured approach rather than reactive selling. No new positive or negative company-specific news is presented.

Positives

• Conversions of Class B to Class A stock provide increased liquidity for the shares.
• Sales were conducted under pre-arranged Rule 10b5-1 trading plans, indicating a structured approach to managing personal holdings rather than reactive selling.

Negatives

• Significant insider sales, even if pre-planned, can sometimes be perceived as a lack of confidence, though this is mitigated by the 10b5-1 plan.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• Sales were effected pursuant to a Rule 10b5-1 trading plan adopted on September 29, 2025.
• The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.

Industry Context

This insider transaction report is specific to the individual's holdings and does not provide information directly related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• This Form 4 filing reports routine insider transactions and does not contain information that allows for a comparison to global benchmarks, comparable companies, or projects.

Related Party Transactions

• Transactions involved shares held by the John C. Bicket Revocable Trust, The Bicket-Dobson Trust I, The Bicket-Dobson Trust II, The Bicket-Dobson Revocable Trust, The John C. Bicket 2024 Annuity Trust, The CBD 2024 Annuity Trust, The John C. Bicket 2025 Annuity Trust, and The CBD 2025 Annuity Trust, all of which are related parties to John Bicket.
• Shares are also held by the Reporting Person's spouse.

Stakeholder Impact

• Shareholders: Minor impact as these are pre-planned insider transactions, unlikely to significantly alter market perception or company fundamentals.
• Employees, Customers, Suppliers, Creditors: No direct impact from this transactional filing.

Key Dates

Keywords

Samsara Inc., IOT, John Bicket, Insider Trading, Stock Sale, Form 4, Rule 10b5-1, Class A Common Stock, Class B Common Stock, Executive Vice President, Chief Technology Officer, Director, 10% Owner