SCHEDULE: Sands Capital Entities Disclose Significant 6.6% Stake in Samsara Inc.

Sands Capital Management, LLC and affiliated entities, including Frank M. Sands, have disclosed a combined beneficial ownership of 6.6% of Samsara Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• Sands Capital Management, LLC, Sands Capital Alternatives, LLC, Sands Capital Global Innovation Fund-Public Opportunities, L.P., and Frank M. Sands (collectively, "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Samsara Inc.'s Class A Common Stock.
• As of June 30, 2025, Frank M. Sands, who holds ultimate voting and investment power over the securities, beneficially owns 19,714,695 shares, representing 6.6% of the Class A Common Stock.
• Sands Capital Management, LLC beneficially owns 19,276,210 shares, equating to 6.4% of the class, with shared voting power over 13,342,801 shares and shared dispositive power over 19,276,210 shares.
• Sands Capital Alternatives, LLC beneficially owns 432,250 shares, representing 0.1% of the class, with shared voting and dispositive power over all 432,250 shares.
• Sands Capital Global Innovation Fund-Public Opportunities, L.P. beneficially owns 6,235 shares, representing 0.0% of the class, with shared voting and dispositive power over all 6,235 shares.
• The securities are held in the accounts of various clients of Sands Capital Alternatives, LLC and Sands Capital Management, LLC, which may include pension plans, endowments, foundations, mutual funds, charities, state and municipal government entities, Taft-Hartley plans, families, and individuals.
• No single client's interest in the class of securities reported exceeds 5%.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of Samsara Inc., nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 6

Explanation: The document is a factual disclosure of beneficial ownership by a major investment firm. While it doesn't provide financial performance, the significant stake held by Sands Capital can be interpreted as a vote of confidence in Samsara Inc., without being overtly positive or negative about the company's immediate prospects.

Positives

• Significant institutional investment from Sands Capital, a prominent asset manager, indicates confidence in Samsara Inc.'s long-term prospects.
• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing control, suggesting a passive, long-term investment stance.

Risks

• No specific risks related to Samsara Inc.'s operations or financial health are disclosed in this ownership filing.

Future Outlook

NA

Industry Context

This filing reflects a significant investment by a prominent asset manager in a technology company, aligning with broader trends of institutional capital flowing into growth-oriented tech firms.

Stakeholder Impact

• Shareholders: The significant stake held by Sands Capital may instill confidence among other shareholders, signaling institutional belief in the company's long-term prospects.

Key Dates

Keywords

Samsara Inc., Class A Common Stock, Schedule 13G, Beneficial Ownership, Sands Capital Management, Frank M. Sands, Institutional Investor, SEC Filing, Ownership Disclosure