US Industrial IoT Executives Sell Shares Worth Hundreds of Millions; CFO Secures Large RSUs

According to a recent SEC filing by U.S. industrial IoT and cloud company Samsara Inc. (NASDAQ: IOT), CEO Sanjit Biswas and CTO John Bicket sold portions of their holdings in late April under pre-established Rule 10b5-1 trading plans, while CFO Dominic Phillips received a sizable grant of restricted stock units (RSUs) during the same period.

Biswas sold approximately 290,000 Class A common shares held through a family trust between April 28 and 30, disposing of shares at around $28–$30 each and generating roughly $87 million in proceeds (about KRW 110 billion), yet he still retains roughly $20 million worth of equity.

Similarly, Bicket liquidated around 200,000 shares from his trust account, realizing about $59 million in cash (approximately KRW 80 billion). Phillips, meanwhile, was granted roughly 460,000 RSUs in April and May—equaling about $84.6 million in new compensation (just over KRW 10 billion)—bringing his total equity holdings to approximately $57.7 million (around KRW 700 billion).

In its fiscal 2026 results announced on March 5, the company reported fourth-quarter revenue of $443.3 million and full-year recurring revenue of $1.9 billion, reflecting about 30% year-over-year growth and marking two consecutive quarters of GAAP profitability. The company also noted it will release fiscal 2027 first-quarter results on June 4, underscoring its focus on sustained growth and profitability.

Founded in 2015 and headquartered in San Francisco, Samsara offers a “connected operations” platform that uses sensors, cameras, telematics devices, and cloud software to collect and analyze data from physical assets—vehicles, trucks, construction equipment, and warehouses—to enhance safety, efficiency, and cost savings. Since its 2021 IPO on the New York Stock Exchange, the company has rapidly grown into a mid-cap growth stock with annual revenue of about $1.6 billion (roughly KRW 2 trillion).