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

John Bicket, Executive Vice President and Chief Technology Officer of Samsara Inc., sold shares of Class A Common Stock over three days under a pre-arranged Rule 10b5-1 trading plan.

Summary

• John Bicket, an executive at Samsara Inc., sold shares of Class A Common Stock between May 21 and May 23, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on September 29, 2023.
• On May 21, 2024, 35,327 shares were sold at a weighted-average price of $40.9014, with individual prices ranging from $40.64 to $41.32.
• On May 22, 2024, 52,818 shares were sold at a weighted-average price of $40.6447, with individual prices ranging from $40.30 to $41.20.
• On May 23, 2024, two transactions occurred: 7,241 shares were sold at a weighted-average price of $40.0636 (ranging from $39.78 to $40.77), and 614 shares were sold at a weighted-average price of $41.1304 (ranging from $40.965 to $41.195).
• Following these transactions, Bicket directly owns 413,810 shares and indirectly owns 2,036,462 shares through the Bicket Revocable Trust, 153,600 shares through The Bicket-Dobson Trust I, and 614,400 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 reflect a change in the executive's outlook on the company.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies and are often part of pre-planned diversification strategies or for personal financial management.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but the pre-planned nature of the transactions should mitigate any significant concerns.

Key Dates