Hemant Taneja - 17 Dec 2021 Form 4 Insider Report for Samsara Inc. (IOT)

Role
Director, 10%+ Owner
Signature
/s/ Christopher McCain, attorney-in-fact on behalf of Hemant Taneja
Issuer symbol
IOT
Transactions as of
17 Dec 2021
Transactions value $
$46,000,000
Form type
4
Filing time
21 Dec 2021, 20:53:29 UTC
Previous filing
14 Dec 2021
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Purchase $46,000,000 +2,000,000 $23.00 2,000,000 17 Dec 2021 See footnote F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IOT Series C Preferred Stock Conversion of derivative security $0 -21,232,344 -100% $0.000000* 0 17 Dec 2021 Class B Common Stock 21,232,344 $0.000000 See footnotes F2, F3, F4, F5
transaction IOT Class B Common Stock Conversion of derivative security $0 +21,232,344 $0.000000 21,232,344 17 Dec 2021 Class A Common Stock 21,232,344 $0.000000 See footnotes F2, F3, F4, F5
transaction IOT Series D Preferred Stock Conversion of derivative security $0 -5,001,080 -100% $0.000000* 0 17 Dec 2021 Class B Common Stock 5,001,080 $0.000000 See footnotes F2, F3, F4, F6
transaction IOT Class B Common Stock Conversion of derivative security $0 +5,001,080 $0.000000 5,001,080 17 Dec 2021 Class A Common Stock 5,001,080 $0.000000 See footnotes F2, F3, F4, F6
transaction IOT Series E Preferred Stock Conversion of derivative security $0 -5,633,880 -100% $0.000000* 0 17 Dec 2021 Class B Common Stock 5,633,880 $0.000000 See footnotes F2, F3, F4, F7
transaction IOT Class B Common Stock Conversion of derivative security $0 +5,633,880 $0.000000 5,633,880 17 Dec 2021 Class A Common Stock 5,633,880 $0.000000 See footnotes F2, F3, F4, F7
transaction IOT Series F Preferred Stock Conversion of derivative security $0 -13,561,283 -100% $0.000000* 0 17 Dec 2021 Class B Common Stock 13,561,283 $0.000000 See footnotes F2, F3, F4, F8
transaction IOT Class B Common Stock Conversion of derivative security $0 +13,561,283 $0.000000 13,561,283 17 Dec 2021 Class A Common Stock 13,561,283 $0.000000 See footnotes F2, F3, F4, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the Issuer's initial public offering of Class A Common Stock, General Catalyst Group XI-Endurance, L.P. ("GCGXIE") purchased shares of Class A Common Stock from the underwriters at the initial public offering price. General Catalyst Group Management Holdings GP, LLC ("GCGMH LLC") is the general partner of General Catalyst Group Management Holdings, L.P. ("GCGMH"), which is the manager of General Catalyst Group Management, LLC ("GCGM LLC"), which is the manager of General Catalyst Endurance GP XI, LLC, which is the general partner of General Catalyst Partners XI - Endurance, L.P., which is the general partner GCGXIE. Kenneth Chenault, Joel Cutler, David Fialkow and the Reporting Person are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCGXIE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F2 Each share of Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock automatically converted into Class B Common Stock on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering of Class A Common Stock. The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.
F3 GCGMH LLC is the general partner of GCGMH, which is the manager of GCGM, LLC, which is (a) the manager of GC Venture VIII Manager, LLC ("GCVVIII Manager"), which is the manager of General Catalyst Group VIII, L.P. ("GCGVIII"), (b) the manager of GC Venture VIII-B Manager, LLC, which is the manager of GC Venture VIII-B, LLC ("GCVVIIIB"), (c) the manager of General Catalyst GP VIII, LLC ("GCGPVIII"), which is the general partner of General Catalyst Partners VIII, L.P., which is the general partner of General Catalyst Group VIII, L.P. ("GCGVIII") and General Catalyst Group VIII Supplemental, L.P. ("GCGVIIIS") and
F4 (d) the manager of General Catalyst GP X - Growth Venture LLC, which is the general partner of General Catalyst Partners X - Growth Venture, L.P., which is the general partner of General Catalyst Group X - Endurance, L.P. ("GCGXE"). Kenneth Chenault, Joel Cutler, David Fialkow and the Reporting Person are managing members of GCGMH LLC, and, as a result, may be deemed to share voting and investment power with respect to the shares held by GCVVIII, GCVVIIIB, GCGVIIIS, GCGVIII and GCGXE. Each party named above disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F5 Consists of 10,616,172 shares held of record by GCGVIIIS and 10,616,172 shares held of record by GCGVIII.
F6 Consists of 2,500,540 shares held of record by GCGVIIIS and 2,500,540 shares held of record by GCGVIII.
F7 Consists of 3,943,716 shares held of record by GCVVIII, 845,082 shares held of record by GCGVIIIS and 845,082 shares held of record by GCGVIII.
F8 Consists of 8,588,813 shares held of record GCGVIII, 226,021 shares held of record by GCGVIIIS, 226,021 shares held of record by GCGVIII and 4,520,428 shares held of record by GCGXE.