Form 4: Samsara Inc. Executive Vice President Adam Eltoukhy Reports Stock Sales to Cover Tax Obligations and Trust Transfers

Adam Eltoukhy, Executive Vice President, Chief Legal Officer, and Secretary of Samsara Inc., reported the sale of Class A Common Stock to cover tax obligations and transfers involving a trust.

Summary

• On June 17 and 18, 2024, Adam Eltoukhy, an executive at Samsara Inc., sold shares of Class A Common Stock.
• The sales were conducted to cover tax withholding obligations related to the settlement of restricted stock units (RSUs).
• Some sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on September 11, 2023.
• Shares were also transferred between Eltoukhy and the ES Trust, where he serves as a co-trustee.
• The weighted-average sale prices ranged from $27.5324 to $29.5034 per share.
• Eltoukhy retains beneficial ownership of 465,967 to 470,098 shares of Class A Common Stock directly and 218,620 shares indirectly through the ES Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by an executive. The sales appear to be for tax purposes and pre-planned, suggesting a neutral sentiment.

Industry Context

Executive stock sales are a common occurrence and are often related to personal financial planning or tax obligations. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information.

Related Party Transactions

• Shares were transferred between Adam Eltoukhy and the ES Trust, where he serves as a co-trustee.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the pre-planned nature of the sales mitigates concerns about insider trading.

Key Dates