---
title: "Samsara CEO and Co-Founder Both Sell to Zero Shares — $43.8M in IOT Stock, $1.09B Career Combined"
type: news
slug: samsara-ceo-biswas-cofunder-bicket-sell-44m-iot-to-zero-shares-2026
canonical_url: https://13finsight.com/news/samsara-ceo-biswas-cofunder-bicket-sell-44m-iot-to-zero-shares-2026
published_at: 2026-02-28T20:57:56.245Z
updated_at: 2026-02-28T20:57:57.839Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 459
locale: en
source: 13F Insight
---

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

> Samsara CEO Sanjit Biswas ($21.1M) and co-founder John Bicket ($20.8M) both sold down to zero shares in IOT stock. Their combined career insider sales now exceed $1.09 billion.

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.

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Source: 13F Insight — https://13finsight.com/news/samsara-ceo-biswas-cofunder-bicket-sell-44m-iot-to-zero-shares-2026
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-02-28T20:57:57.839Z