Form 4: Samsara Inc. Executive John Bicket Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
John Bicket, Executive Vice President and CTO of Samsara Inc., sold shares of Class A Common Stock on January 13, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- John Bicket, an executive at Samsara Inc., sold shares of Class A Common Stock on January 13, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on September 30, 2024.
- The transactions involved multiple sales at varying prices, ranging from $42.945 to $43.76 per share.
- Bicket sold 14,036 shares, 14,107 shares, and 14,180 shares in separate transactions.
- Following the reported transactions, Bicket directly owns 302,255 shares of Class A Common Stock.
- Bicket indirectly owns 116,578 shares, 116,436 shares, and 116,201 shares through various trusts.
- He also indirectly owns 1,500,559 shares through the John C. Bicket Revocable Trust.
- Adam Eltoukhy, as attorney-in-fact, signed the Form 4 on behalf of John Bicket.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock sales 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 stock sales by a company executive and is a common practice among publicly traded companies. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies like Samsara Inc.
- Similar to executives at companies like Palantir (PLTR) and Snowflake (SNOW), John Bicket utilizes a 10b5-1 trading plan to manage stock sales, ensuring compliance with insider trading regulations.
- The reported price range of $42.945 to $43.76 per share is within the typical volatility range observed in the tech sector, comparable to daily price fluctuations seen in companies like CrowdStrike (CRWD) and Zscaler (ZS).
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2013-02-15 | Date of the John C. Bicket Revocable Trust u/a/d |
| 2021-11-10 | Date of The Bicket-Dobson Trust I-A fbo ACDB u/a/d |
| 2021-11-10 | Date of The Bicket-Dobson Trust I-A fbo JCDB u/a/d |
| 2021-11-10 | Date of The Bicket-Dobson Trust I-A u/a/d |
| 2024-09-30 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-01-13 | Date of stock sale transactions |
| 2025-01-15 | Date of Form 4 filing |
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