Samsara CEO and Co-Founder Both Sell to Zero Shares — $43.8M in IOT Stock, $1.09B Career Combined

Samsara CEO Sanjit Biswas and co-founder John Bicket have both sold down to zero shares of IOT stock. Their recent sales totaled $43.8 million, and their combined career insider sales have now surpassed $1.09 billion.

This is the second "dual co-founder exit to zero" we've covered this month — joining CoreWeave's CSO and CDO who also sold to zero. But the Samsara story is far larger in scale: over a billion dollars extracted by two founders from a company they still run.

Both to Zero

Insider	Title	Transactions	Recent Value	Career Sales	Shares After
Sanjit Biswas	Chief Executive Officer	14	$21.13M	$547.5M	0
John Bicket	Co-Founder	14	$20.79M	$538.9M	0
Adam Eltoukhy	Executive	7	$1.65M	$33.5M	246,675
Benjamin Kirchhoff	Chief Accounting Officer	3	$0.19M	$0.4M	95,610
Total: 4 insiders, 38 transactions			$43.77M	$1,120M

$1.09 Billion: One of the Largest Insider Monetizations in Tech

Between them, Biswas and Bicket have sold $1.086 billion in Samsara stock. To put that in context, Samsara's total market capitalization is approximately $25 billion. The two founders have personally monetized roughly 4% of the company's entire current value.

The near-perfect symmetry between their selling ($547M vs $539M) reflects their equal co-founder equity stakes and coordinated selling programs. Both executed 14 transactions in this latest round — identical in structure, identical in outcome: zero shares remaining.

CEO With Zero Stock

A CEO running a $25 billion public company with literally zero shares is extraordinarily rare. While Biswas likely retains voting control through other share classes or entities, the Form 4 filing showing zero shares after is a stark data point.

Consider what zero means:

• No economic alignment with common shareholders through direct stock ownership
• $547 million extracted — more than most founders ever realize
• Still running the company — compensation presumably comes through salary, options, and new grants rather than existing shares

Samsara's Business

Samsara provides IoT (Internet of Things) solutions for physical operations — fleet management, equipment monitoring, safety cameras, and industrial automation. The company has grown rapidly, with strong recurring revenue from its connected operations platform.

The stock has performed well since its 2021 IPO, and the founders have monetized aggressively throughout the appreciation. Their selling hasn't prevented the stock from performing — but it has ensured that the founders captured value regardless of what happens next.

The Pattern Across Tech

Samsara joins a growing list of tech companies where founders have sold over $1 billion:

• Palantir (PLTR): CEO Karp — $3.28B career sales
• Atlassian (TEAM): Each co-founder — ~$1.27B
• Samsara (IOT): Biswas $547M + Bicket $539M = $1.09B

For IOT investors, the message from the co-founders couldn't be clearer. They've taken a billion dollars off the table and now hold zero shares. Whatever happens to Samsara from here, its founders have already won.