Andreessen Horowitz Adjusts Samsara Stake

TL;DR

AH Fund IV filing SC 13D/A for Samsara Inc. - they're changing their stake.

AI Summary

Andreessen Horowitz Fund IV, L.P. and its affiliates filed an SC 13D/A on September 12, 2024, reporting a change in their beneficial ownership of Samsara Inc. The filing indicates a shift in their holdings, though specific new percentages or dollar amounts are not detailed in this excerpt. The filing is an amendment to a previous filing, suggesting ongoing adjustments to their investment strategy in Samsara Inc.

Why It Matters

This filing signals a potential shift in a major investor's position in Samsara Inc., which could influence market perception and stock price.

Risk Assessment

Risk Level: medium — Changes in holdings by significant investors like Andreessen Horowitz can indicate shifts in confidence or strategy, potentially impacting the stock.

Key Players & Entities

• Andreessen Horowitz Fund IV, L.P. (company) — Filer of the SC 13D/A
• Samsara Inc. (company) — Subject company of the filing
• Marc Andreessen (person) — Group member of the filing entity
• Benjamin Horowitz (person) — Group member of the filing entity

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• tm2423958d1_sc13da.htm (SC 13D/A) — 309KB
• 0001104659-24-099424.txt ( ) — 311KB

From the Filing

SC 13D/A 1 tm2423958d1_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7) Samsara Inc. (Name of Issuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) 79589L106 (CUSIP Number) AH Capital Management, L.L.C. 2865 Sand Hill Road, Suite 101 Menlo Park, CA 94025 (650) 798-3900 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 10, 2024 (Date of Event Which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box . Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 2 SCHEDULE 13D CUSIP No. 79589L106 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Andreessen Horowitz Fund IV, L.P. (“AH IV”) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) WC 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 43,796,062 shares of Class B Common Stock, 1 for itself and as nominee for Andreessen Horowitz Fund IV-A, L.P. (“AH IV-A”), Andreessen Horowitz Fund IV-B, L.P. (“AH IV-B”), and Andreessen Horowitz Fund IV-Q, L.P. (“AH IV-Q”), except that AH Equity Partners IV, L.L.C. (“AH Equity IV”), the general partner of AH IV, may be deemed to have sole power to vote these shares, and Marc Andreessen (“Andreessen”) and Benjamin Horowitz (“Horowitz”), the managing members of AH Equity IV, may be deemed to have shared power to vote these shares. 8 SHARED VOTING POWER See response to row 7. 9 SOLE DISPOSITIVE POWER 43,796,062 shares of Class B Common Stock, 1 for itself and as nominee for AH IV-A, AH IV-B, and AH IV-Q, except that AH Equity IV, the general partner of AH IV, may be deemed to have sole power to dispose of these shares, and Andreessen and Horowitz, the managing members of AH Equity IV, may be deemed to have shared power to dispose of these shares. 10 SHARED DISPOSITIVE POWER See response to row 9. 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 43,796,062 1 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 15.5% 2 14 TYPE OF REPORTING PERSON (See Instructions) PN 1 Each share of Class B Common Stock is convertible at the option of the holder into one share of Class A Common Stock. 2 Pursuant to Rule 13d-3(d)(1)(i), the percentage in Row 13 is calculated using the outstanding shares of Class A Common Stock only (assuming full conversion of the shares of Class B Common Stock held of record by AH IV, but not any of the shares of Class B Common Stock held by any other person). As disclosed in the Issuer’s Form 10-Q filed on September 10, 2024 with the U.S. Securities and Exchange Commission (File No. 001-41140) (the “10-Q”), the Issuer had 224,050,531 outstanding shares of Class A Common Stock and 332,310,673 outstanding shares of Class B Common Stock as of September 3, 2024. On September 10, 2024, AH IV, AH Parallel IV (as defined below) and AH LSV I (as defined below) converted 10,949,016, 994,901 and 2,401,999 shares of Class B Common Stock, respectively, into Class A Common Stock. On September 11, 2024, AH LSV I and AH Parallel V (as defined below) converted 211,144 and 88,903 shares of Class B Common Stock, respectively, into Class A Common Stock. If the outstanding number of shares included the outstanding shares of both Class A Common Stock and Class B Common Stock, this percentage would be 7.9%. Page 3 CUSIP No. 79589L106 1 NAMES OF REPORTING PERSONS

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View this SC 13D/A filing on SEC EDGAR