Filing Details

Accession Number:
0001837240-23-000172
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-11-28 19:19:04
Reporting Period:
2023-11-24
Accepted Time:
2023-11-28 19:19:04
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1837240 Symbotic Inc. SYM () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1526378 Todd Krasnow C/O Symbotic Inc., 200 Research Drive
Wilmington MA 01887
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class V-1 Common Stock Disposition 2023-11-24 51,106 $0.00 444,930 No 4 J Direct
Class A Common Stock Acquisiton 2023-11-24 51,106 $0.00 51,106 No 4 J Direct
Class A Common Stock Disposition 2023-11-24 36,470 $52.47 14,636 No 4 S Direct
Class A Common Stock Disposition 2023-11-24 14,136 $53.31 500 No 4 S Direct
Class A Common Stock Disposition 2023-11-24 500 $54.10 0 No 4 S Direct
Class V-1 Common Stock Disposition 2023-11-27 18,894 $0.00 426,036 No 4 J Direct
Class A Common Stock Acquisiton 2023-11-27 18,894 $0.00 18,894 No 4 J Direct
Class A Common Stock Disposition 2023-11-27 18,894 $51.21 0 No 4 S Direct
Class V-1 Common Stock Disposition 2023-11-28 20,000 $0.00 406,036 No 4 G Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 J Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
No 4 J Direct
No 4 J Direct
No 4 S Direct
No 4 G Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Symbotic Holdings Units Disposition 2023-11-24 51,106 $0.00 51,106 $0.00
Class A Common Stock Symbotic Holdings Units Disposition 2023-11-27 18,894 $0.00 18,894 $0.00
Class A Common Stock Symbotic Holdings Units Disposition 2023-11-28 20,000 $0.00 20,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
444,930 No 4 J Direct
426,036 No 4 J Direct
406,036 No 4 G Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class V-1 Common Stock 727,572 Indirect By Inlet View, Inc.
Class A Common Stock 50,000 Indirect By Trust
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Symbotic Holdings Units $0.00 727,572 727,572 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
727,572 727,572 Indirect
Footnotes
  1. Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to 1 vote per share.
  2. The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("Symbotic Holdings") and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are redeemable by the holder on a one-for-one basis for a share of Class A Common Stock of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. Upon redemption, the Issuer will cancel the Symbotic Holdings Units and cancel and retire for no consideration the redeemed shares of Class V-1 Common Stock.
  3. On November 24, 2023, the Reporting Person sold 51,106 shares of Class A Common Stock (the "11/24 Stock Sale"). In connection with the 11/24 Stock Sale, effective November 24, 2023, the Reporting Person redeemed 51,106 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "11/24 Redemption"). In connection with the 11/24 Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 51,106 shares of Class V-1 Common Stock.
  4. In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $52.00 to $52.95, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  5. In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $53.02 to $53.965, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  6. In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $54.09 to $54.11, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  7. On November 27, 2023, the Reporting Person sold 18,894 shares of Class A Common Stock (the "11/27 Stock Sale"). In connection with the 11/27 Stock Sale, effective November 24, 2023, the Reporting Person redeemed 18,894 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "11/27 Redemption"). In connection with the 11/27 Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 18,894 shares of Class V-1 Common Stock.
  8. In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $51.00 to $51.50, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  9. On November 28, 2023, the Reporting Person transferred 20,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd and Deborah Krasnow Foundation, a charitable foundation of which the Reporting Person is a trustee. The Reporting Person has voting and investment power over all securities owned by the foundation.
  10. Todd Krasnow may be considered the beneficial owner of securities held by Inlet View, Inc., of which Mr. Krasnow is the President and CEO. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
  11. Todd Krasnow may be considered the beneficial owner of 25,000 shares of Class A Common Stock held by the Krasnow Family 2019 Charitable Remainder Trust and 25,000 shares of Class A Common Stock held by the Todd and Deborah Krasnow CRUT, both of which are trusts for which Mr. Krasnow is trustee and to which Mr. Krasnow is a beneficiary. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.