Form 4: Samsara Inc. Executive Adam Eltoukhy Reports Stock Sale to Cover Tax Obligations

Executive Vice President, Chief Legal Officer and Secretary Adam Eltoukhy of Samsara Inc. reports selling shares to cover tax obligations related to the settlement of restricted stock units.

Summary

• On June 10, 2024, Adam Eltoukhy, Executive Vice President, Chief Legal Officer and Secretary of Samsara Inc., disposed of 5,227 shares of Class A Common Stock at a price of $30.019 per share.
• The sale was conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
• Following the transaction, Eltoukhy directly owns 524,979 shares of Class A Common Stock.
• Eltoukhy also indirectly owns 199,678 shares through the ES Trust, where he has voting or investment power.
• The shares were sold in multiple transactions at prices ranging from $29.63 to $30.56.
• 4,943 shares of Class A Common Stock were transferred from the Reporting Person to AE and NS, Co-Trustees of the ES Trust.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations, with no indication of a change in the executive's long-term outlook on the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential sentiment.

Key Dates