Form 4: Samsara Executive Adam Eltoukhy Sells Shares Under 10b5-1 Plan

Samsara's Executive Vice President, Adam Eltoukhy, sold a total of 23,960 Class A common stock shares under a pre-arranged 10b5-1 trading plan.

Summary

• Adam Eltoukhy, Executive Vice President, Chief Legal Officer and Secretary at Samsara Inc., sold shares of Class A Common Stock.
• The sales were executed on December 20, 2024, under a pre-arranged Rule 10b5-1 trading plan adopted on September 20, 2024.
• A total of 23,960 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices were $42.7432 for 3,400 shares, $43.9456 for 18,636 shares, and $44.339 for 1,924 shares.
• Eltoukhy also received 172,050 shares of Class A Common Stock from the ES Trust, over which he has voting or investment power.

Sentiment

Score: 5

Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither positive nor negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies to manage their stock sales.
• Similar filings are regularly made by executives at companies like Palantir, Snowflake, and Datadog, which are also in the technology sector.

Stakeholder Impact

• The stock sales by the executive may have a minor impact on the stock price, but the pre-arranged nature of the sales should mitigate any significant negative reaction.

Key Dates

Keywords

Samsara, insider trading, Form 4, stock sale, Rule 10b5-1, Adam Eltoukhy, executive, Class A Common Stock