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

Executive Vice President of Samsara Inc., Adam Eltoukhy, reported the sale of 12,500 shares of Class A Common Stock and a transfer of 12,500 shares from a trust.

Summary

• Adam Eltoukhy, Executive Vice President, Chief Legal Officer, and Secretary of Samsara Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On November 21, 2024, Eltoukhy sold 12,500 shares of Class A Common Stock at a weighted-average price of $55.0481, with individual sales ranging from $55.00 to $55.15.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2023.
• Additionally, 12,500 shares of Class A Common Stock were transferred to Eltoukhy from the ES Trust, where he has voting or investment power.
• Following these transactions, Eltoukhy directly owns 396,784 shares and indirectly owns 167,340 shares through the ES Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing for stock transactions by an executive, indicating a neutral sentiment.

Management Comments

• The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted September 11, 2023.

Industry Context

This is a routine filing for an executive stock transaction and is common practice for publicly traded companies.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common mechanism for corporate insiders to sell shares while avoiding accusations of insider trading.
• The reported price range of $55.00 to $55.15 is within the typical trading range for a stock of this type.
• The volume of shares sold, 12,500, is not unusual for an executive's planned sales.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-planned nature of the transaction.
• The transfer of shares from the ES Trust to the executive does not have a direct impact on other stakeholders.

Key Dates

Keywords

Samsara Inc., stock sale, Form 4, insider trading, Rule 10b5-1, Adam Eltoukhy, executive compensation, share transfer, beneficial ownership