Form 4: Samsara Inc. Executive Adam Eltoukhy Reports Stock Sale and Trust Transfer

Executive Vice President, Chief Legal Officer and Secretary of Samsara Inc., Adam Eltoukhy, reports the sale of 12,500 shares of Class A Common Stock and a transfer of shares from a trust.

Summary

• Adam Eltoukhy, an executive at Samsara Inc., filed a Form 4 detailing changes in beneficial ownership.
• On September 6, 2024, Eltoukhy sold 12,500 shares of Class A Common Stock at $45 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2023.
• Eltoukhy also reported holding 465,967 shares of Class A Common Stock directly, some of which are restricted stock units (RSUs).
• 12,500 shares of Class A Common Stock were transferred to the Reporting Person from AE and NS, Co-Trustees of the ES Trust.
• Eltoukhy indirectly owns 187,178 shares through the ES Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider trading activities.

Stakeholder Impact

• The stock sale by an executive could have a minor impact on shareholder sentiment, but the pre-arranged trading plan mitigates concerns about insider information.

Key Dates