Form 4: Samsara Inc. Director John Bicket Sells Shares Under 10b5-1 Trading Plan

Director John Bicket of Samsara Inc. executed multiple sales of Class A Common Stock on April 9th and 10th, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• John Bicket, a director, 10% owner, and Executive Vice President, Chief Technology Officer of Samsara Inc., sold shares of Class A Common Stock on April 9th and 10th, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 29, 2023.
• On April 9, 2024, 57,770 shares were sold at a weighted-average price of $33.4775, with prices ranging from $33.235 to $34.08.
• On April 10, 2024, two transactions occurred: 27,148 shares were sold at a weighted-average price of $32.4392 (ranging from $31.76 to $32.755), and 11,082 shares were sold at a weighted-average price of $32.8542 (ranging from $32.76 to $33.02).
• Following these transactions, Bicket directly owns 413,810 shares of Class A Common Stock.
• Bicket also indirectly owns 1,115,382 shares through the Bicket Revocable Trust, 57,600 shares through The Bicket-Dobson Trust I, and 230,400 shares through The Bicket-Dobson Trust II.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the stock sales were pre-planned under a 10b5-1 trading plan and do not necessarily indicate a negative outlook from the insider.

Industry Context

This filing is a routine disclosure of insider trading activity. It's important to monitor such filings to understand the sentiment of company insiders regarding the company's prospects. However, sales under a 10b5-1 plan are pre-arranged and may not necessarily reflect the insider's current view of the company.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sales mitigates this concern.

Key Dates