Eltoukhy Adam 4
Research Summary
AI-generated summary
Samsara (IOT) EVP Adam Eltoukhy Withholds 9,602 Shares for Taxes
What Happened
Adam Eltoukhy, Executive Vice President, Chief Administrative Officer and Secretary of Samsara Inc. (IOT), had 9,602 shares withheld by the issuer to cover tax obligations tied to vesting restricted stock units (RSUs). The withholding was recorded on 2026-06-10 at $33.62 per share, with a total value of approximately $322,819. This transaction is a tax withholding event (code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-10; Filing date: 2026-06-12 (appears timely).
- Withheld/Disposed: 9,602 shares at $33.62 each; total value ≈ $322,819.
- Transaction code: F — shares withheld to cover tax obligations on RSU vesting.
- Footnotes: F1 confirms shares were withheld by the issuer for taxes; F2 notes these securities are RSUs (each representing a contingent right to one share subject to vesting).
- The filing notes a transfer of 9,494 shares to an ES Trust (co-trustees AE and NS) over which the reporting person retains voting/investment power; the filing does not list a consolidated total of shares held after the withholding.
Context
Share withholding to cover taxes is a routine administrative step when RSUs vest and does not represent an active sale by the insider on the open market. Such transactions are common and generally not read as a directional signal about the insider’s view of the company.