Samsara (IOT) CTO John C. Bicket Sells Shares

What Happened

• John C. Bicket, Executive Vice President & Chief Technology Officer (and listed 10% owner), sold a total of 263,900 shares of Samsara (IOT) common stock in open-market transactions across Sept 29–Oct 1, 2026. The sales generated aggregate proceeds of approximately $10,036,610, at an overall weighted-average price of about $38.03 per share. Individual sale prices in the filing range roughly from $37.67 to $39.17.

Key Details

• Transaction dates: 2026-09-29, 2026-09-30 and 2026-10-01; all trades reported on a Form 4 filed 2026-10-01 (no late filing indicated).
• Total shares sold: 263,900; Total proceeds: ~$10.04 million; approximate weighted-average price: $38.03/share.
• Transaction type: Sales (code S). The filing notes the sales were effected pursuant to a Rule 10b5-1 trading plan (adopted Sep 29, 2025) executed by John C. Bicket as Trustee of the Bicket Revocable Trust (footnote F1).
• Ownership after transaction: not stated in the provided excerpt of the Form 4. The filing includes multiple footnotes about trust holdings and transfers (see F19–F30) reflecting significant Class B holdings held or controlled by trusts.
• Multiple footnotes (F11–F16 and others) clarify that some reported amounts/prices are aggregated weighted averages from multiple transactions executed at various prices; the filer offers to provide per-price breakdowns on request.

Context

• These are routine sales under a pre-established 10b5-1 plan, which typically indicates pre-set instructions rather than trades based on contemporaneous inside information. As a 10% owner and senior executive, Bicket holds substantial trust-held Class B shares (per footnotes), so these transactions are disposals from those holdings rather than small employee buys.
• For retail investors: purchases are generally considered stronger signals than sales; these sales appear structured and planned. If you want the exact per-trade price breakdown or the post-sale holdings total, the filer has agreed (in footnotes) to provide that detail upon request.