Company: IOT
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001642896-25-000046
Chunk: 48

Company: Samsara Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 48
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 as our need to maintain flexibility in compensating executive officers in a manner designed to promote our goals. We may, in our judgment, authorize compensation payments that will or may not be deductible when we believe that such payments are appropriate to attract, retain or motivate executive talent.

Taxation of Parachute Payments and Deferred Compensation . We do not provide, and have no obligation to provide, any executive officer, including any named executive officer, with a “gross-up” or other reimbursement payment for any tax liability that he or she might owe as a result of the application of Section 280G, 4999, or 409A of the Code. If any of the payments or benefits provided for under the change of control and severance agreements or otherwise payable to a named executive officer would constitute “parachute payments” within the meaning of Section 280G of the Code and could be subject to the related excise tax, he or she would be entitled to receive either full payment of such payments and benefits or such lesser amount that would result in no portion of the payments and benefits being subject to the excise tax, whichever results in the greater amount of after-tax benefits to the named executive officer.

Accounting for Stock-Based Compensation. We follow ASC Topic 718 for our stock-based compensation awards. ASC Topic 718 requires us to measure the compensation expense for all share-based payment awards made to our employees and members of our Board of Directors, including options to purchase our equity securities and other stock awards, based on the grant date “fair value” of these awards. This calculation is performed for accounting purposes and reported in the executive compensation tables required by the federal securities laws, even though the recipient of the awards may never realize any value from their awards.

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Hedging and Pledging Policies . We maintain an Insider Trading Policy, which, among other things, prohibits short sales, transactions in publicly-traded options (such as puts and calls), hedging transactions (such as prepaid variable forward contracts, equity swaps, collars, and exchange funds), pledging any of our securities as collateral for a loan without prior written approval from our Chief Legal Officer, and holding any of our securities in a margin account.

Risk Assessment. Our compensation committee reviews the company’s compensation plans, including incentive and equity plans, to identify potential material adverse risks to the company and to ensure our compensation practices do not encourage excessive or inappropriate risk-taking. In FY 2025, after reviewing our plans, the compensation committee