Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 95

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Company currently has two equity incentive plans, the 2015 Equity Incentive Plan (the “2015 Plan”) and the 2021 Equity Incentive Plan (the “2021 Plan”). The 2015 Plan was terminated in connection with the adoption of the 2021 Plan in December 2021 but continues to govern the terms of outstanding stock options and RSUs that were granted prior to the termination of the 2015 Plan. The Company no longer grants equity awards pursuant to the 2015 Plan.2021 Equity Incentive Plan—In December 2021, the Board of Directors adopted and stockholders approved the 2021 Plan, which became effective in December 2021 in connection with the Company’s initial public offering (“IPO”). The total number of shares of the Company’s Class A common stock reserved for future grants as of August 2, 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 six months ended August 2, 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(33,339)$0.78 Forfeited, canceled, or expired— $— Balance as of August 2, 20255,599,181 $5.43 4.4$171,213 Exercisable as of August 2, 20255,599,181 $5.43 4.4$171,213 __________(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 $1.2 million and $11.1 million during the six months ended August 2, 2025 and August 3, 2024, respectively.As of August 2, 202