Samsara CEO Sanjit Biswas Sells ~$10.0M in Class A Shares Under Rule 10b5-1 Plan

Executive Summary

Samsara Inc. ($IOT) CEO, Director, and 10% Owner Sanjit Biswas reported the sale of 263,900 shares of Class A Common Stock between September 29, 2026, and October 1, 2026, generating approximately $10.04 million in proceeds at a weighted average price of ~$38.03 per share.

Transaction Breakdown

The transactions were executed across three business days from three separate trust vehicles:

• Biswas Family Trust: Sold a total of 208,000 shares across several weighted-average tranches ranging from $37.68 to $39.17 per share, leaving 877,835 shares remaining in the trust.
• The Biswas Trust I: Sold 10,600 shares on September 29, 2026, leaving 51,600 shares remaining in the trust.
• The Biswas Trust II: Sold 45,300 shares across September 29 and September 30, 2026, leaving 225,800 shares remaining in the trust.

Context & Plan Execution

• Rule 10b5-1 Plan: All sales were executed pursuant to pre-established Rule 10b5-1 trading plans adopted on September 29, 2025, satisfying the standard cooling-off requirements and indicating pre-programmed diversification rather than discretionary selling.
• Retained Ownership: Following the reported transactions, Mr. Biswas retains indirect ownership of 1,155,235 Class A Common shares across the three trusts, alongside 1,356,498 unvested restricted stock units (RSUs) held directly, maintaining significant alignment with the company's long-term performance.