Samsara CTO John Bicket sells $11.3 million in class A shares

John Bicket, Samsara Inc.'s Chief Technology Officer and a director with a 10% ownership stake, divested $11.3 million worth of the company's Class A shares over a three-day span in late October 2026. The transactions, totaling 263,900 shares, were executed between October 27 and October 29, 2026, at prices ranging from $41.45 to $44.97 per share.

The sales were conducted under Rule 10b5-1 trading plans, with Mr. Bicket's John C. Bicket Revocable Trust selling 208,000 shares, generating approximately $8.9 million. Following the sale, the trust retained 561,398 shares. Additionally, The Bicket-Dobson Trust I and II jointly sold 55,900 shares for roughly $2.4 million, with both trusts now holding 30,400 and 135,200 shares respectively.

This insider activity comes amid Samsara shares' 42% surge over the past six months, nearing a 52-week high of $47.47. Samsara Inc. has been garnering analyst attention following strong second-quarter results, with firms like Guggenheim, BNP Paribas Exane, Evercore ISI, and Cantor Fitzgerald raising their price targets and maintaining positive ratings, citing robust growth in annual recurring revenue and profitability.