Samsara's CEO and CTO ran one selling calendar, and it is nearly out of shares
The two SEC filings filed on November 13 describe one Rule 10b5-1 calendar running in lockstep through four family trusts, not a verdict on the stock. What the arithmetic leaves is about $37 million of sellable shares, and an earnings report on December 3 that matters far more.
Richard Tangtwo-minute read
Two Form 4s filed after the close on November 13 show Samsara+0.82% — Samsara, up 0.82 percent today chief executive Sanjit Biswas and co-founder John Bicket, the chief technology officer, each selling about $9.8 million of stock over the same three days 345. They produced three separate "insider selling" alerts from two outlets 345, none setting the filings side by side. Read together, they show something duller and more useful than a founder exodus: one preset trading calendar running in lockstep through the family trusts, now nearly out of shares.
One calendar, not a verdict
Rule 10b5-1 plans are selling schedules executives adopt when they have no inside news, precisely so that later sales carry no signal 3.
Both founders' plans were adopted on the same day, September 29, 2025 12. This week both sold on November 10 to 12, and inside the three trusts behind the sales the amounts match within ten shares per trust: 10,600 each from the smallest, 45,300 each from another, and about 179,000 each from the main one 12. They have sold on eleven dates since September 30, almost always in matched sizes 45. Each leg has been covered here as it happened; what is new this week is where the program ends.
The program is nearly out of shares
What six weeks of selling leaves is about $37 million of stock between the two of them 124. That is less than a single average day's trading in IOT, a company worth $24 billion 45. Their real exposure is unvested: restricted stock units that become sellable only as they vest, and they outnumber the shares left in the trusts 123.
The selling drained the trusts, not the RSU pipeline
About 884,000 sellable shares left between them, against 1.8 million unvested RSUs
Data
| Shares | |
|---|---|
| Biswas: Family Trust | 282,717 |
| Biswas: Trust I | 89,900 |
| Biswas: Trust II | 19,800 |
| Biswas RSUs | 1,356,498 |
| Bicket: Revocable Trust | 382,270 |
| Bicket: Trust I | 89,900 |
| Bicket: Trust II | 19,800 |
| Bicket RSUs | 450,907 |
The December 3 quarter is the real event
Samsara has not reported since September 3, when it beat expectations on revenue up 30% 4. The next results land on December 3, for the quarter that ended October 31 6. The matched selling was a preset schedule running down, not a message; a stock at 258 times earnings moves on what that report says about demand for its connected-operations software, and that number arrives on December 3 4.
Samsara's revenue has risen twelve quarters in a row, to $508 million
Data
| Revenue | |
|---|---|
| Q3 '23 | $237.53M |
| Q4 '23 | $276.27M |
| Q1 '24 | $280.73M |
| Q2 '24 | $300.2M |
| Q3 '24 | $321.98M |
| Q4 '24 | $346.29M |
| Q1 '25 | $366.88M |
| Q2 '25 | $391.48M |
| Q3 '25 | $415.98M |
| Q4 '25 | $444.3M |
| Q1 '26 | $478.84M |
| Q2 '26 | $508.44M |
Get Applications by email, free
How AI is changing the software people and companies use. In our daily email, every weekday.
Reader comments
0 comments