CEO of US IoT Platform Company Sells Billion-Dollar Stake, CFO Secures Large RSU Compensation

Samsara Inc. (NYSE: IOT) CEO Sanjit Biswas sold roughly 290,000 Class A shares on the open market between April 28 and 30 under a Rule 10b5-1 plan through family trusts, generating about $8.6 million to $8.8 million (approximately KRW 12 billion). He continues to hold roughly 690,000 shares (around $20 million or KRW 27 billion). Over the same period, CTO John Bicket executed a planned sale of about 200,000 Class A shares via trusts, converting approximately $5.9 million (about KRW 8 billion) to cash, while maintaining indirect ownership of roughly 570,000 shares (about $16.4 million or KRW 22 billion). Meanwhile, CFO Dominic Phillips received some 460,000 restricted stock units in two grants on April 2 and May 9—now worth about $8.46 million (KRW 11 billion)—bringing his combined personal and trust holdings to approximately 2.01 million shares, valued at about $57.7 million (KRW 78 billion).

On May 12, Samsara unveiled three new AI-driven solutions for U.S. public-sector customers, targeting public safety, waste management and mass transit data to modernize aging infrastructure and boost operational efficiency. In its fiscal 2026 results announced March 5, the company reported annual revenues in the $1.6 billion range, a $1.9 billion trailing-12-month revenue run rate and its second consecutive quarter of GAAP profitability.

Founded in 2015 by Sanjit Biswas and John Bicket and headquartered in San Francisco, Samsara is an IoT- and cloud-based platform provider for logistics, vehicle and equipment operations management. The company went public on the New York Stock Exchange in 2021. Leveraging vast streams of physical-operations data from vehicles and industrial assets, its Connected Operations platform has driven growth by enhancing safety, efficiency and sustainability.