Samsara CEO Sanjit Biswas Sells ~$11M in Shares Under 10b5-1 Plan

Overview

On October 15, 2026, Sanjit Biswas, Chief Executive Officer, Director, and 10% Owner of Samsara Inc. ($IOT), reported the sale of 263,900 shares of Class A Common Stock executed over three consecutive trading days (October 13–15, 2026).

Transaction Details

• Total Shares Sold: 263,900 shares
• Average Realized Price: ~$41.68 per share (ranging between $40.48 and $42.95 across multiple tranches)
• Gross Proceeds: ~$10,999,921.70
• Ownership Structure: The transactions were executed indirectly across multiple trust vehicles:
  • Biswas Family Trust: 207,998 shares sold; 669,835 shares retained post-transactions.
  • The Biswas Trust I: 10,600 shares sold; 41,000 shares retained post-transactions.
  • The Biswas Trust II: 45,302 shares sold; 180,500 shares retained post-transactions.
• Direct Holdings: The reporting person continues to hold 1,356,498 restricted stock units (RSUs) directly.

Plan & Market Impact

• Pre-Scheduled Trading: All sales were executed pursuant to pre-established Rule 10b5-1 trading plans adopted on September 29, 2025, over a year prior to execution.
• Significance Assessment: Medium. While the headline dollar figure is substantial (~$11M), the trades are non-discretionary, scheduled through established family trusts under long-standing 10b5-1 arrangements, and Biswas retains substantial direct and indirect equity exposure.