U.S. Growth Stock 'IOT': Co-Founders CEO and CTO Sell Shares

On January 6, 2026, Samsara Inc. (NYSE: IOT) CEO Sanjit Biswas and CTO John Bicket converted millions of Class B common shares into Class A common shares at no cost, then sold hundreds of thousands of the newly converted Class A shares on the open market through various family trusts. Under pre-established Rule 10b5-1 trading plans, each sold more than 200,000 shares, raising roughly $9 million (about ₩13 billion), and even after these transactions they continue to hold tens of millions of shares indirectly through trusts and their spouses.

In a recent Form 8-K filing, the company reiterated that, pursuant to long-term Rule 10b5-1 trading plans adopted by the two co-founders in September 2025, they intend to stagger the sale of up to 5 million shares each through December 24, 2026, and will still retain over 180 million shares in total thereafter.

In its fiscal 2026 third-quarter results announced in December 2025, Samsara delivered its first GAAP profit alongside revenue growth, marking a landmark quarter in its transition to profitability.

Headquartered in San Francisco, Samsara Inc. is an IoT-based fleet and logistics management software company. Its Connected Operations Cloud platform collects and analyzes physical-operations data—such as vehicle telematics, video-based safety management, equipment monitoring, and site security—to help businesses operate more efficiently. Founded in 2015 by Sanjit Biswas and John Bicket and listed on the New York Stock Exchange in 2021, Samsara is now considered a growth stock, serving tens of thousands of customers across transportation, construction, utilities, and the public sector in North America and Europe.