Form 4: Samsara Inc. CEO Sanjit Biswas Disposes of Shares Under 10b5-1 Trading Plans
SEC Form 4
Sanjit Biswas, CEO of Samsara Inc., sold shares of Class A Common Stock between May 20 and May 22, 2025, under pre-arranged Rule 10b5-1 trading plans.
Summary
- Sanjit Biswas, the CEO of Samsara Inc., sold shares of Class A Common Stock between May 20 and May 22, 2025.
- The sales were executed under Rule 10b5-1 trading plans.
- The shares were sold at varying prices, ranging from approximately $45.46 to $47.615 per share.
- The transactions involved shares held directly and indirectly through family trusts.
- A total of 122,908 shares were sold across multiple transactions.
- Biswas also holds 1,529,360 restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is neutral as it reports factual information about stock sales under a pre-arranged trading plan. There is no inherent positive or negative sentiment.
Risks
- Executive stock sales can sometimes be perceived negatively by investors, potentially impacting stock price, although these sales were pre-planned under a 10b5-1 trading plan.
Industry Context
Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without raising concerns about trading on non-public information.
Stakeholder Impact
- The stock sales could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
- The sales do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2012/07/13 | Date of Biswas Family Trust u/a/d |
| 2021/10/14 | Date of The Biswas Trust II u/a/d |
| 2021/11/11 | Date of The Biswas Trust I u/a/d |
| 2024/09/30 | Date of adoption of Rule 10b5-1 trading plans |
| 2025/05/20 | Date of first reported transaction |
| 2025/05/21 | Date of subsequent reported transactions |
| 2025/05/22 | Date of last reported transaction |
Keywords
Samsara Inc., Sanjit Biswas, stock sale, Form 4, Rule 10b5-1, insider trading, Class A Common Stock, Biswas Family Trust, Jordan Park Trust Company LLC
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