Company: IOT
Filing Date: 2025-12-09
Form Type: 10-Q
Source: 0001628280-25-056069
Chunk: 105

Company: Samsara Inc.
Filing Date: 2025-12-09
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 and December 10 of each year. Purchase periods are generally six months long, commencing on the first trading day after one exercise date and ending with the next exercise date.For the nine months ended November 1, 2025 and November 2, 2024, 582,745 and 616,193 shares of Class A common stock were purchased under the 2021 ESPP, resulting in net cash proceeds of $18.7 million and $16.1 million, respectively.As of November 1, 2025, unrecognized stock-based compensation expense related to the 2021 ESPP was approximately $3.5 million. The remaining unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of approximately 0.5 years.

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Employee Stock Purchase Plan Valuation—The Company estimates the fair value of shares to be issued under the 2021 ESPP using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model requires estimates of highly subjective assumptions, which greatly affect fair value. The weighted-average assumptions used to estimate the fair value of shares to be issued under the 2021 ESPP were as follows:Nine Months EndedNovember 1, 2025November 2, 2024Expected volatility51.7% – 57.6%53.2% – 57.4%Expected term (years)0.5 – 1.00.5 – 1.0Risk-free interest rate4.1% – 4.3%5.2% – 5.4%Expected dividend yield0.0%0.0%Expected volatility—The expected stock price volatility for the nine months ended November 1, 2025 and November 2, 2024 was based on the Company’s historical volatility for the expected term of the stock-based award.Expected term—The expected term is approximately 0.5 years for the first purchase period and approximately 1.0 year for the second purchase period.Risk-free interest rate—The risk-free interest rate assumption is based on observed U.S. Treasury yield curve interest rates in effect at the time of grant appropriate for the expected term of the stock-based award.Expected dividend yield—Because the Company has never paid and has no current intention to pay cash dividends on its common stock, the expected dividend yield is zero.Stock-Based Compensation Expense—Stock-based compensation expense, by grant type, was as follows (in thousands):Three Months EndedNine Months EndedNovember