Company: IOT
Filing Date: 2025-01-03
Form Type: 8-K
Source: 0001642896-25-000004
Chunk: 0

Company: Samsara Inc.
Filing Date: 2025-01-03
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events

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On January 3, 2025, Samsara Inc. (“ Samsara”) announced that Sanjit Biswas, Chief Executive Officer, co-founder, and director, and John Bicket, Chief Technology Officer, co-founder, and director, each previously adopted pre-arranged stock trading plans on behalf of affiliated family trusts as part of their individual long-term strategies for achieving asset diversification and liquidity. Using these trading plans, which were adopted on September 30, 2024 and disclosed in Samsara’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “ SEC”) on December 10, 2024, Mr. Biswas and Mr. Bicket will spread their planned stock sales out from January 2, 2025 through December 31, 2025 to reduce the market impact of such sales on any given day. All sales of shares under Mr. Biswas’ and Mr. Bicket’s trading plans are subject to volume limitations pursuant to Rule 144 of the Securities Act of 1933, as amended, which limits the amount of shares that may be sold in any three-month period, as well as other conditions specified under their respective trading plans.

As of January 1, 2025, Mr. Biswas and Mr. Bicket collectively beneficially owned approximately 207.50 million shares of Samsara common stock, including 202.30 million shares of Class B common stock and 5.20 million shares of Class A common stock, or approximately 36.97% of Samsara shares outstanding as of November 2, 2024. Subject to the terms and conditions of their trading plans and assuming no additional grants of equity awards, Mr. Biswas and Mr. Bicket each intends to sell up to approximately 5.00 million shares held by affiliated family trusts. If Mr. Biswas and Mr. Bicket complete all of the planned sales under their trading plans, they would continue to collectively beneficially own approximately 197.50 million shares, or approximately 35.19% of Samsara shares outstanding as of November 2, 2024 (assuming no other issuances of Samsara’s capital stock or equity awards occur).

These trading plans are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) of the Securities Exchange Act of 1934, as in effect at the time of plan adoption, and were adopted in accordance with