Samsara Inc
For the period ended Nov 2, 2024. Filed Dec 10, 2024.
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Nov 2, 2024 · Filed Dec 10, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Arrangements
Jonathan Chadwick, one of our Directors, entered into a trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plan provides for the sale of up to 90,000 shares of our Class A common stock. The plan was adopted on September 25, 2024 and will terminate on December 19, 2025, subject to early termination for certain specified events set forth in the plan, and trading under the plan may not begin until after all trades under Mr. Chadwick’s prior plan are completed or expire without execution.
Adam Eltoukhy, our Executive Vice President, Chief Legal Officer and Corporate Secretary, entered into a trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plan provides for the sale of up to 385,835 shares of our Class A common stock (less any shares that may be withheld by us or separately sold by a broker to generate funds to cover the withholding taxes associated with the vesting of his Samsara equity awards). In addition, up to 100% of the net shares of Class A common stock received by Mr. Eltoukhy after taxes in connection with the vesting of any newly granted Samsara equity awards may be sold under the plan. The plan was adopted on September 20, 2024 and will terminate on December 20, 2025, subject to early termination for certain specified events set forth in the plan, and trading under the plan may not begin until after all trades under Mr. Eltoukhy’s prior plan are completed or expire without execution.
James Andrew Munk, our Chief Accounting Officer, entered into a trading plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plan provides for the sale of up to 22,539 shares of our Class A common stock (less any shares that may be withheld by us or separately sold by a broker to generate funds to cover the withholding taxes associated with the vesting of his Samsara equity awards). The plan was adopted on September 25, 2024 and will terminate on December 26, 2025, subject to early termination for certain specified events set forth in the plan, and trading under the plan may not begin until after all trades under Mr. Munk’s prior plan are completed or expire without execution.
Sanjit Biswas, our Chief Executive Officer and Director, entered into trading plans on behalf of affiliated family trusts that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plans provide for the sale of an aggregate of up to 5,000,000 shares of our Class A common stock. The plans were adopted on September 30, 2024 and will terminate on December 31, 2025, subject to early termination for certain specified events set forth in the plans, and trading under the plan may not begin until after all trades under Mr. Biswas’ prior plan are completed or expire without execution.
John Bicket, our Executive Vice President, Chief Technology Officer and Director, entered into trading plans on behalf of affiliated family trusts that are intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). The plans provide for the sale of an aggregate of up to 5,000,000 shares of our Class A common stock. The plans were adopted on September 30, 2024 and will terminate on December 31, 2025, subject to early termination for certain specified events set forth in the plans, and trading under the plan may not begin until after all trades under Mr. Bicket’s prior plan are completed or expire without execution.
During the quarterly period ended November 2, 2024, no other director or officer, as defined in Rule 16a-1(f), adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” each as defined in Regulation S-K, Item 408.
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