AKKARAJU SRINIVAS 4

What Happened

• Director Akkaraju Srinivas was granted a total of 11,149 award units on June 4, 2026: 6,839 restricted stock units (RSUs) and 4,310 derivative awards. Each award was recorded at $0.00 (no immediate cash paid). The 6,839 RSUs convert to one share of common stock per RSU upon vesting; the 4,310 units are listed as derivative awards in the filing.

Key Details

• Transaction date: 2026-06-04; Filing date: 2026-06-08 (filed on time under Form 4 rules).
• Price: $0.00 per unit; immediate cash value: $0.
• Post-transaction reported holdings (per filing footnote): 21,132 shares of common stock and 6,839 RSUs.
• Vesting: The 6,839 RSUs vest on the earlier of June 15, 2027 or the issuer’s next Annual Meeting, subject to continued service (see footnote). Other awards may have similar service-based vesting terms.
• Institutional holdings/beneficial ownership notes: Some securities referenced in the filing are held by investment vehicles (Samsara entities). The reporting person may be deemed to beneficially own those securities due to voting/investment power but disclaims ownership except to the extent of pecuniary interest.

Context

• This was an equity award (compensation/award), not an open-market purchase or sale; such grants are common for directors and do not necessarily signal a personal buy/sell decision.
• Derivative awards/RSUs represent the right to receive shares in the future upon vesting; they carry no immediate market proceeds unless and until shares are issued and sold.