Samsara CTO John Bicket Sells $10.04M in Class A Shares Under Rule 10b5-1 Plan

Executive Summary

On October 1–2, 2026, Samsara Inc. ($IOT) insider John Bicket (Executive Vice President, Chief Technology Officer, Director, and 10% Owner) reported open-market sales of 263,900 shares of Class A Common Stock across three consecutive trading days (September 29 to October 1, 2026). The total gross proceeds amounted to approximately $10.04 million, executed at weighted-average prices between $37.67 and $39.17 per share.

Plan and Transaction Structure

1. Rule 10b5-1 Trading Plans:

   • All dispositions were carried out under pre-scheduled Rule 10b5-1 plans adopted on September 29, 2025 by trust vehicles over which Bicket exercises voting/investment control (the Bicket Revocable Trust and Jordan Park Trust Company LLC on behalf of the Bicket-Dobson Trusts).
   • Because the trades were executed under a pre-established plan initiated one year prior, the sales do not signal opportunistic timing or discretionary insider sentiment.

2. Breakdown of Sales by Entity:

   • Bicket Revocable Trust: 208,000 shares sold for ~$7.96M.
   • The Bicket-Dobson Trust I: 10,600 shares sold for ~$402K.
   • The Bicket-Dobson Trust II: 45,300 shares sold for ~$1.72M.

Remaining Ownership & Impact

• Direct Ownership: Bicket retains 450,907 Class A restricted stock units (RSUs).
• Indirect Ownership: In addition to remaining Class A balances held by the trusts (totaling over 1.25 million shares), Bicket retains indirect voting and investment control over more than 90 million shares of Class B Common Stock (convertible 1-for-1 into Class A shares).
• Given that the 263,900 shares sold represent less than 0.3% of Bicket's total combined economic exposure to Samsara, the dilution of his overall stake is negligible.

Market Conclusion

The transaction represents scheduled, recurring liquidity for trust planning purposes under a long-standing 10b5-1 plan. Despite the headline dollar amount exceeding $10 million, the trading significance is rated Medium due to the systematic execution and massive residual equity position.