Samsara EVP & CTO John Bicket Gifts 305,000 Shares of Class A Stock

Executive Summary

On September 17, 2026, John Bicket, Executive Vice President, Chief Technology Officer, Director, and 10% Owner of Samsara Inc. ($IOT), filed a Form 4 detailing the conversion of 305,000 shares of Class B Common Stock into Class A Common Stock, followed immediately by a bona fide gift transfer of those 305,000 Class A shares on September 15, 2026.

Transaction Breakdown

• Class B to Class A Conversion (Code C): 305,000 shares of Class B Common Stock held by the John C. Bicket Revocable Trust were converted on a 1:1 basis into Class A Common Stock at $0 per share.
• Gift Transfer (Code G): 305,000 shares of Class A Common Stock were subsequently gifted out of the John C. Bicket Revocable Trust at $0 per share.
• Post-Transaction Holdings:
  • The John C. Bicket Revocable Trust retains 1,185,398 shares of Class A Common Stock and 61,555,422 shares of Class B Common Stock.
  • Bicket additionally holds substantial Class A and Class B shares directly and across several family and annuity trusts, including 450,907 Class A shares held directly (inclusive of RSUs) and multi-million Class B holdings across various estate planning trusts.

Market & Trading Significance

This transaction is ranked as Low significance. The disposition represents a non-market charitable or estate planning gift transaction rather than an open-market sale or cash liquidation. Bicket continues to hold a massive beneficial ownership stake representing tens of millions of shares in Samsara Inc.