Form 4: Samsara Inc. Executive James Andrew Munk Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
James Andrew Munk, Chief Accounting Officer of Samsara Inc., sold shares of Class A Common Stock to cover tax withholding obligations related to the settlement of restricted stock units.
Summary
- On March 17 and 18, 2025, James Andrew Munk, the Chief Accounting Officer of Samsara Inc., disposed of shares of Class A Common Stock.
- The sales were executed in multiple transactions at varying prices.
- A portion of the sales were to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
- Munk also transferred 14,287 shares to the Munk Family 1999 Trust.
- Following these transactions, Munk directly owns 150,265 shares and indirectly owns 120,769 shares through the Munk Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. The sales to cover tax obligations are typical.
Related Party Transactions
- Transfer of 14,287 shares of Class A Common Stock from the Reporting Person to Munk Family 1999 Trust U/A DTD 09/30/1999, over which the Reporting Person has voting or investment power.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are related to tax obligations and a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 09/30/1999 | Date of Munk Family 1999 Trust U/A DTD |
| 09/25/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/17/2025 | Date of first reported transaction (sale of shares) |
| 03/18/2025 | Date of second reported transaction (sale of shares) |
| 03/19/2025 | Date of signature on the Form 4 filing |
Keywords
Samsara Inc., James Andrew Munk, Form 4, Insider Trading, Class A Common Stock, RSU, Tax Withholding, Munk Family Trust, Rule 10b5-1
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