Samsara (IOT) CEO sells 160,000 shares under 10b5-1 plan at ~$39

Q: How many Samsara (IOT) shares did CEO Sanjit Biswas sell in July 2025?

160,000 Class A shares were sold on 8-9 July 2025 according to the Form 4.

Q: At what price range were the July 2025 Samsara insider sales executed?

Weighted-average prices ranged from $38.465 to $39.60 per share, with tranche averages of $38.6895, $38.8928, $38.695 and $39.1775.

Q: Were the insider sales made under a Rule 10b5-1 trading plan?

Yes. Both sets of sales were carried out under 10b5-1 plans adopted 30 September 2024 .

Q: How many Samsara shares does Sanjit Biswas own after these transactions?

He retains 1,105,902 shares via the Biswas Family Trust, 72,000 via The Biswas Trust I and 324,000 via The Biswas Trust II, plus 1,320,311 RSUs .

Q: Did the filing report any derivative security exercises?

No. Table II shows zero derivative transactions ; all reported activity involved non-derivative Class A shares.

Q: What is a Rule 10b5-1 trading plan?

It is a pre-arranged program that allows insiders to sell shares on a set schedule , providing an affirmative defence against insider-trading allegations.

[Form 4/A] Carvana Co. Amended Insider Trading Activity

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

Key takeaways from Samsara Inc. (IOT) Form 4 filed 10 July 2025

Chief Executive Officer, director and 10 % owner Sanjit Biswas sold an aggregate 160,000 Class A shares on 8-9 July 2025.
Sales were executed under two pre-established Rule 10b5-1 trading plans adopted 30 September 2024.
Weighted-average transaction prices ranged from $38.465 to $39.60; tranche averages disclosed were $38.6895, $38.8928, $38.695 and $39.1775.
Post-sale beneficial ownership remains substantial: 1,105,902 shares via the Biswas Family Trust, 72,000 shares via The Biswas Trust I, 324,000 shares via The Biswas Trust II, plus 1,320,311 unvested RSUs.
No derivative securities were exercised or disposed of.

The activity increases insider share supply near the recent price range but, because the trades were scheduled, it may represent routine diversification rather than a shift in business outlook.

Insights

TL;DR CEO sells 160k shares at ~$39; pre-programmed trades mute intent, but supply uptick is mildly bearish.

The disposal represents roughly 160 K shares鈥攁bout 0.3 % of Samsara鈥檚 505 M basic share count鈥攁t prices clustered just below $40. As the shares were sold under Rule 10b5-1, timing was predetermined, limiting signalling power. Nevertheless, any sizeable insider sale by a founder-CEO can pressure sentiment, especially after a strong price run-up. Importantly, Biswas still controls over 1.1 M shares through the Biswas Family Trust and holds 1.32 M RSUs, so strategic alignment remains intact. No derivatives were exercised, implying no immediate cashless monetisation beyond these sales. Overall, I view the filing as a modestly negative datapoint with limited fundamental impact.

TL;DR Sales follow 10b5-1 rules; governance practices appear sound; impact neutral.

From a governance lens, the disclosure is thorough: each tranche cites weighted-average prices, price ranges, and trust structures. Using two distinct 10b5-1 plans adopted nine months prior demonstrates compliance with updated SEC rules that emphasise cooling-off periods and plan transparency. The CEO鈥檚 continued large equity stake and the presence of substantial unvested RSUs maintain incentive alignment. I therefore categorise the filing as neutral with respect to governance risk.

07/10/2025 - 06:56 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GARCIA ERNEST C. III

(Last)

(First)

(Middle)

C/O CARVANA CO.

300 E. RIO SALADO PARKWAY

(Street)

TEMPE

85281

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CARVANA CO. [ CVNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/10/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/08/2025		S		96⁽¹⁾	D	$343.43	681,344	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		96⁽¹⁾	D	$343.46	781,344	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		1,429⁽¹⁾	D	$345.34⁽⁴⁾	679,915	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		1,429⁽¹⁾	D	$345.34⁽⁴⁾	779,915	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		1,040⁽¹⁾	D	$346.29⁽⁵⁾	678,875	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		1,040⁽¹⁾	D	$346.29⁽⁵⁾	778,875	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		540⁽¹⁾	D	$347.31⁽⁶⁾	678,335	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		540⁽¹⁾	D	$347.31⁽⁶⁾	778,335	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		298⁽¹⁾	D	$348.53⁽⁷⁾	678,037	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		298⁽¹⁾	D	$348.53⁽⁷⁾	778,037	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		444⁽¹⁾	D	$349.95⁽⁸⁾	677,593	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		444⁽¹⁾	D	$349.95⁽⁸⁾	777,593	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		104⁽¹⁾	D	$351.04⁽⁹⁾	677,489	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		103⁽¹⁾	D	$351.57⁽¹⁰⁾	777,490	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		51⁽¹⁾	D	$352.01⁽¹¹⁾	677,438	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		51⁽¹⁾	D	$352.01⁽¹¹⁾	777,439	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		87⁽¹⁾	D	$353.33⁽¹²⁾	677,351	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		88⁽¹⁾	D	$354.18	777,351	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		135⁽¹⁾	D	$354.69⁽¹³⁾	677,216	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		135⁽¹⁾	D	$354.69⁽¹³⁾	777,216	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		198⁽¹⁾	D	$356.35⁽¹⁴⁾	677,018	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		198⁽¹⁾	D	$356.35⁽¹⁴⁾	777,018	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		306⁽¹⁾	D	$357.45⁽¹⁵⁾	676,712	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		306⁽¹⁾	D	$357.45⁽¹⁵⁾	776,712	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025		S		100⁽¹⁾	D	$358.07	676,612	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025		S		100⁽¹⁾	D	$359.01	776,612	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock	07/08/2025⁽¹⁶⁾		S		124⁽¹⁾	D	$359.73⁽¹⁷⁾	676,488	I	Ernest Irrevocable 2004 Trust III⁽²⁾
Class A Common Stock	07/08/2025⁽¹⁶⁾		S		124⁽¹⁾	D	$359.73⁽¹⁷⁾	776,488	I	Ernest C. Garcia III Multi-Generational Trust III⁽³⁾
Class A Common Stock								924,384	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.

2. These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust.

3. These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust.

4. This transaction was executed in multiple trades at prices ranging from $344.81 to $345.79 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

5. This transaction was executed in multiple trades at prices ranging from $345.84 to $346.80, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

6. This transaction was executed in multiple trades at prices ranging from $346.99 to $347.82 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

7. This transaction was executed in multiple trades at prices ranging from $348.26 to $348.99 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

8. This transaction was executed in multiple trades at prices ranging from $349.48 to $350.44, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

9. This transaction was executed in multiple trades at prices ranging from $350.86 to $351.30 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

10. This transaction was executed in multiple trades at prices ranging from $351.30 to $351.59 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

11. This transaction was executed in multiple trades at prices ranging from $352.00 to $352.50, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

12. This transaction was executed in multiple trades at prices ranging from $353.19 to $354.18, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

13. This transaction was executed in multiple trades at prices ranging from $354.20 to $355.15, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

14. This transaction was executed in multiple trades at prices ranging from $355.90 to $356.81, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

15. This transaction was executed in multiple trades at prices ranging from $357.04 to $358.01, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

16. This amendment is being filed solely for the purpose of correcting the transaction date to July 8, but which was previously dated July 9 due to a scrivener's error.

17. This transaction was executed in multiple trades at prices ranging from $359.36 to $360.03, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price.

Remarks:

	/s/ Paul Breaux, by Power of Attorney for Ernest C. Garcia, III	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How many Samsara (IOT) shares did CEO Sanjit Biswas sell in July 2025?

160,000 Class A shares were sold on 8-9 July 2025 according to the Form 4.

At what price range were the July 2025 Samsara insider sales executed?

Weighted-average prices ranged from $38.465 to $39.60 per share, with tranche averages of $38.6895, $38.8928, $38.695 and $39.1775.

Were the insider sales made under a Rule 10b5-1 trading plan?

Yes. Both sets of sales were carried out under 10b5-1 plans adopted 30 September 2024.

How many Samsara shares does Sanjit Biswas own after these transactions?

He retains 1,105,902 shares via the Biswas Family Trust, 72,000 via The Biswas Trust I and 324,000 via The Biswas Trust II, plus 1,320,311 RSUs.

Did the filing report any derivative security exercises?

No. Table II shows zero derivative transactions; all reported activity involved non-derivative Class A shares.

What is a Rule 10b5-1 trading plan?

It is a pre-arranged program that allows insiders to sell shares on a set schedule, providing an affirmative defence against insider-trading allegations.

AG真人官方

[Form 4/A] Carvana Co. Amended Insider Trading Activity

Insights

FAQ

How many Samsara (IOT) shares did CEO Sanjit Biswas sell in July 2025?

At what price range were the July 2025 Samsara insider sales executed?

Were the insider sales made under a Rule 10b5-1 trading plan?

How many Samsara shares does Sanjit Biswas own after these transactions?

Did the filing report any derivative security exercises?

What is a Rule 10b5-1 trading plan?

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AG真人官方

Trending News

[Form 4/A] Carvana Co. Amended Insider Trading Activity

Insights

Securities Analyst negative

Corporate Governance Expert neutral

FAQ

How many Samsara (IOT) shares did CEO Sanjit Biswas sell in July 2025?

At what price range were the July 2025 Samsara insider sales executed?

Were the insider sales made under a Rule 10b5-1 trading plan?

How many Samsara shares does Sanjit Biswas own after these transactions?

Did the filing report any derivative security exercises?

What is a Rule 10b5-1 trading plan?

NYSE:CVNA

CVNA Rankings

CVNA Latest News

CVNA Latest SEC Filings

CVNA Stock Data