Form 4: Samsara Inc. Executive Vice President Adam Eltoukhy Reports Stock Sales

Executive Vice President Adam Eltoukhy of Samsara Inc. reports the sale of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

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 indicates sales of Class A Common Stock on February 3, 2025, executed under a Rule 10b5-1 trading plan adopted on September 20, 2024.
• The sales were conducted in multiple transactions at varying prices, with weighted-average prices of $49.9662, $50.8511, and $51.4312.
• Eltoukhy sold 2,415 shares at an average price of $49.9662, 9,034 shares at an average price of $50.8511, and 7,581 shares at an average price of $51.4312.
• Following the reported transactions, Eltoukhy directly owns 331,106 shares of Class A Common Stock.
• The report also reflects the transfer of 19,030 shares of Class A Common Stock from the ES Trust, over which Eltoukhy has voting or investment power, to Eltoukhy.
• Eltoukhy indirectly owns 118,799 shares through the ES Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an executive, which is neither inherently positive nor negative. The sales were conducted under a pre-arranged plan, suggesting no immediate cause for concern.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The stock sales by a company executive may be of interest to shareholders.

Key Dates

Keywords

Form 4, Samsara Inc., Adam Eltoukhy, Stock Sale, Beneficial Ownership, Rule 10b5-1, Class A Common Stock