Company: IOT
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001642896-25-000074
Chunk: 56

Company: Samsara Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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,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 August 2, 2025, unrecognized stock-based compensation expense related to the 2021 ESPP was approximately $7.0 million. The remaining unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of approximately 0.7 years.

18

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:Six Months EndedAugust 2, 2025August 3, 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 yield—%—%Expected volatility—The expected volatility for the six months ended August 2, 2025 and August 3, 2024 was based on the historical volatility of the Company.Expected term (years)—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 EndedSix Months EndedAugust 2, 2025August 3, 2024August 2, 2025August 3, 2024Stock options$— $773 $— $1,557 RSUs78,086 67,630 152,148 128,498 Employee stock purchase plan3,049