--- title: "Samsara's CEO and CTO ran one selling calendar, and it is nearly out of shares" description: "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." publisher: "The Inference" section: "Applications" published: 2026-11-14T16:13:15.847Z modified: 2026-11-14T16:13:15.847Z canonical: https://theinference.org/article/samsara-s-ceo-and-cto-ran-one-selling-calendar-and-it-is-nearly-out-of-shares language: en keywords: "Samsara, Insider Trading, Rule 10b5 1, Form 4, Fleet Software" --- # 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. [Two Form 4s](https://www.sec.gov/Archives/edgar/data/1642896/000189511126000022/0001895111-26-000022-index.htm) filed after the close on November 13 show [Samsara](https://theinference.org/markets/companies/samsara) chief executive [Sanjit Biswas](https://theinference.org/markets/people/sanjit-biswas) and co-founder [John Bicket](https://theinference.org/markets/people/john-bicket), the chief technology officer, each selling about $9.8 million of stock over the same three days [3][4][5]. They produced three separate "insider selling" alerts from two outlets [3][4][5], 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 [1][2]. 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 [1][2]. They have sold on eleven dates since September 30, almost always in matched sizes [4][5]. [Each leg has been covered here as it happened](https://theinference.org/article/samsara-s-founders-sold-22-million-of-stock-the-week-its-ai-agents-launched-261-million-this-year); what is new this week is where the program ends. ![John Bicket, Samsara's co-founder and chief technology officer, smiling in a white shirt](https://storage.googleapis.com/theinference-public/img/5912364e91c624e5.png) *John Bicket, Samsara's co-founder and chief technology officer. His Form 4 shows the same September 29, 2025 plan adoption date as Biswas's and matching sale sizes inside each trust. (Courtesy of Samsara)* ## The program is nearly out of shares What six weeks of selling leaves is about $37 million of stock between the two of them [1][2][4]. That is less than a single average day's trading in IOT, a company worth $24 billion [4][5]. Their real exposure is unvested: restricted stock units that become sellable only as they vest, and they outnumber the shares left in the trusts [1][2][3]. *Chart: **The selling drained the trusts, not the RSU pipeline** Bars comparing each founder's remaining shares in each of three family trusts with his unvested RSUs after the November 2026 sales* *Ending beneficial-ownership counts as stated in the Form 4s filed November 13, 2026, one bar per trust line the filings report. RSUs are restricted stock units that convert to Class A shares only as they vest. Sources: SEC Form 4 filings [1][2]. [1][2]* ## 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](https://www.stocktitan.net/sec-filings/IOT/form-4-samsara-inc-insider-trading-activity-b9a6ec31202d.html), 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]. *Chart: **Samsara's revenue has risen twelve quarters in a row, to $508 million** Line chart of Samsara quarterly revenue from the quarter ended October 2023 to the quarter ended August 2026, rising from $238 million to $508 million* *Quarterly revenue in USD millions as reported in Samsara's SEC filings. Labels are calendar quarters; Samsara's fiscal quarters end in early February, May, August and November, so Q2 '26 is the quarter ended August 1, 2026. The quarter ended October 31, 2026 is due on December 3. Source: Samsara quarterly figures from its SEC filings [7]. [7]* ## Takeaway The matched sales were one Rule 10b5-1 calendar running down, not two votes of confidence: about 884,000 sellable shares left between Biswas and Bicket, against 1.8 million unvested RSUs, and a December 3 report that matters far more than the selling. ## Sources 1. [SEC EDGAR, Form 4, Samsara Inc. (IOT), Sanjit Biswas, filed 13 November 2026](https://www.sec.gov/Archives/edgar/data/1642896/000189511126000022/0001895111-26-000022-index.htm) 2. [SEC EDGAR, Form 4, Samsara Inc. (IOT), John Bicket, filed 13 November 2026](https://www.sec.gov/Archives/edgar/data/1642896/000189510626000023/0001895106-26-000023-index.htm) 3. [StockTitan, Samsara (IOT) CEO-linked trusts sell 235,018 shares under preset trading plans, 13-14 November 2026](https://www.stocktitan.net/sec-filings/IOT/form-4-samsara-inc-insider-trading-activity-b9a6ec31202d.html) 4. [MarketBeat, Samsara (NYSE:IOT) CEO Sells 93,969 Shares of Company Stock, 13 November 2026](https://www.marketbeat.com/instant-alerts/insider-samsara-nyse-iot-ceo-sells-93969-shares-of-company-stock-2026-11-13/) 5. [MarketBeat, Insider Selling: Samsara (NYSE:IOT) Insider Sells $3,123,095.55 in Stock, 13 November 2026](https://www.marketbeat.com/instant-alerts/insider-insider-selling-samsara-nyse-iot-insider-sells-312309555-in-stock-2026-11-13/) 6. [StockTitan, Samsara news feed including the 2 November 2026 announcement of 3 December 2026 results, retrieved 14 November 2026](https://www.stocktitan.net/sec-filings/IOT/form-4-samsara-inc-insider-trading-activity-b9a6ec31202d.html) 7. [Samsara, quarterly figures from its SEC filings, retrieved 14 November 2026](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001642896) --- Samsara's CEO and CTO ran one selling calendar, and it is nearly out of shares — The Inference. Canonical: https://theinference.org/article/samsara-s-ceo-and-cto-ran-one-selling-calendar-and-it-is-nearly-out-of-shares