Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 103

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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 Class A common stock reserved for future grants as of November 1, 2025 includes 28,285,961 shares added on the first day of fiscal year 2026 pursuant to the annual automatic evergreen increase provision of the 2021 Plan.Options—A summary of the stock options activity under the 2015 Plan during the nine months ended November 1, 2025 is presented below (the number of options represents shares of common stock exercisable in respect thereof):Number of SharesWeighted-AverageExercise PriceWeighted-AverageRemainingContractual Term(in years)Aggregate Intrinsic Value (1)(in thousands)Balance as of February 1, 20255,632,520 $5.40 4.9$259,635 Granted— $— Exercised(59,906)$0.58 Forfeited, canceled, or expired— $— Balance as of November 1, 20255,572,614 $5.45 4.1$193,447 Exercisable as of November 1, 20255,572,614 $5.45 4.1$193,447 __________(1)Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s Class A common stock for each period end presented, multiplied by the number of stock options outstanding or exercisable as of each period end presented.The intrinsic value of stock options exercised was $2.2 million and $21.0 million during the nine months ended November 1, 2025 and November 2, 2024, respectively.As of November 1, 2025, the Company had no remaining unrecognized stock-based compensation expense related to outstanding stock options.

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RSUs—RSUs granted prior to the IPO had both a service condition and a performance condition (defined under the 2015 Plan as the occurrence of a qualifying liquidity event, which was defined as the earlier of a successful IPO or acquisition). Stock-based compensation expense was only recognized for RSUs for which both the service condition and performance condition have been met. The service condition for these awards is generally satisfied over four years. The performance condition was satisfied upon the IPO. Prior to the IPO, the Company did not record expense on RSUs as a liquidity event upon which vesting is contingent was not probable of occurring. Following the closing of the IPO in December 2021, the Company began recording stock-based compensation expense for