Eltoukhy Adam 4
Research Summary
AI-generated summary
Samsara (IOT) EVP & Chief Legal Officer Adam Eltoukhy Sells Shares
What Happened
Adam Eltoukhy, Executive Vice President, Chief Legal Officer and Secretary of Samsara (IOT), sold a total of 4,688 shares in open-market transactions on February 20, 2026, generating approximately $125,612 in proceeds. The sales consisted of 4,188 shares at a weighted-average price of $26.70 (proceeds $111,812) and 500 shares at $27.60 (proceeds $13,800). These sales were reported on a Form 4 filed February 23, 2026.
Key Details
- Transaction date: February 20, 2026 (reported Feb 23, 2026). Filing appears timely (within the Form 4 two-business-day window).
- Sales: 4,188 shares @ weighted avg $26.70 (aggregate $111,812); 500 shares @ $27.60 (aggregate $13,800); total 4,688 shares, ~$125,612.
- Price ranges: the 4,188-share block was sold at prices between $26.26 and $27.24 (F2); the 500-share block was sold at prices between $27.43 and $27.77 (F5). The filer will provide per-price details on request.
- Plan: Sales were effected under a pre-established Rule 10b5-1 trading plan adopted March 28, 2025 (F1).
- Securities type/holding note: Certain securities involved are restricted stock units (RSUs) that convert to shares subject to vesting (F3). The filing also notes a transfer of 4,688 shares from the ES Trust to the Reporting Person (F4).
- Remark: Reporting person’s role — Executive Vice President, Chief Legal Officer and Secretary.
Context
- These were sales (not purchases). Sales under a 10b5-1 plan are typically pre-scheduled and do not necessarily signal a change in the insider’s view of the company; they are often used for diversification or liquidity.
- For retail investors, purchases generally carry more direct interpretive weight than routine, pre-planned sales. This filing is informational and factual; it does not state the insider’s motives beyond the plan structure.