Director John Bicket of Samsara Inc (NYSE:IOT) executed sales of 268,200 Class A common shares on February 17, 2026, according to a recent filing with the Securities and Exchange Commission. The transactions were completed in multiple trades across two tranches and together generated approximately $6.8 million in gross proceeds.
The larger tranche comprised 208,000 shares sold at prices ranging from $25.8341 to $26.5654, producing aggregate proceeds of $5,381,243. A second tranche of 60,200 shares was sold at prices between $25.7381 and $26.7838, totaling $1,446,217.
Per the filing, the sales were carried out pursuant to Rule 10b5-1 trading plans that were adopted on September 29, 2025. The filing also notes that, following these dispositions, Bicket continues to retain a substantial holding of Samsara shares both directly and indirectly through various trusts.
Market context included in reporting highlights that Samsara's shares have fallen 51% over the past year and were trading near their 52-week low of $23.38 at the time of the filing. An InvestingPro analysis referenced in the filing characterizes the stock as overvalued at its current levels.
Analyst activity and company performance metrics cited alongside the filing paint a mixed picture. Goldman Sachs initiated coverage with a Buy rating and a $36.00 price target, emphasizing the company's role in digitizing physical operations. KeyBanc also began coverage, assigning an Overweight rating and a higher $55.00 target, calling out opportunity within the $45 trillion Physical Operations industry.
Samsara's own reporting for 2025 was noted for operational safety outcomes. The company's 2025 Year in Review reported that organizations using its Connected Operations Platform experienced a 73% reduction in crash rates. Separately, Swissport North America reported a 60% reduction in operational incidents after deploying Samsara's technology.
In addition, BMO Capital Markets has included Samsara among its outperform-rated stocks, citing a favorable outlook tied to anticipated growth in AI applications. Collectively these analyst actions and customer-reported performance metrics were presented as indicators of Samsara's expanding role within the software segment focused on physical operations and safety.
No additional details about Bicket's remaining holdings or future trading intentions were provided in the filing beyond the confirmation that the sales were conducted under the previously adopted 10b5-1 plans.