Form 4: Samsara Inc. Executive Adam Eltoukhy Reports Stock Sales and Transfers
SEC Form 4 Filing
Executive Vice President, Chief Legal Officer, and Secretary of Samsara Inc., Adam Eltoukhy, reports sales of Class A Common Stock to cover tax obligations and transfers involving a trust.
Summary
- Adam Eltoukhy, Executive Vice President, Chief Legal Officer, and Secretary of Samsara Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes sales of Class A Common Stock on March 15 and March 19, 2024, to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
- Sales on March 15, 2024, involved 23,576 shares at an average price of $34.7987 and 3,855 shares at an average price of $35.5785.
- Sales on March 19, 2024, involved 3,300 shares at an average price of $35.7676 and 7,437 shares at an average price of $36.7759.
- The report also reflects transfers of shares to and from the ES Trust, over which Eltoukhy has voting or investment power.
- Specifically, 31,580 shares were transferred from Eltoukhy to the ES Trust on March 15, 2024, and 10,737 shares were transferred from the ES Trust to Eltoukhy on March 19, 2024.
- The sales were executed under a Rule 10b5-1 trading plan adopted on September 11, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
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 into the executive's trading activities and holdings.
Stakeholder Impact
- The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small volume of shares sold.
- The transfers to and from the ES Trust may have implications for the executive's long-term holdings and voting power.
Key Dates
| Date | Description |
|---|---|
| 09/11/2023 | Rule 10b5-1 trading plan adopted |
| 03/15/2024 | Sale of Class A Common Stock and transfer of shares to ES Trust |
| 03/19/2024 | Sale of Class A Common Stock and transfer of shares from ES Trust |
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