Filing Details

Accession Number:
0001837240-24-000023
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-01-25 20:53:05
Reporting Period:
2024-01-23
Accepted Time:
2024-01-25 20:53:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1837240 Symbotic Inc. SYM General Industrial Machinery & Equipment, Nec (3569) 981572401
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1933434 David Michael Dunn C/O Symbotic Inc., 200 Research Drive
Wilmington MA 01887
See Remarks No Yes 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 A Common Stock Acquisiton 2024-01-23 17,648 $0.00 80,272 No 4 M Direct
Class A Common Stock Disposition 2024-01-24 6,894 $41.50 73,378 No 4 S Direct
Class A Common Stock Disposition 2024-01-24 610 $42.30 72,768 No 4 S Direct
Class A Common Stock Disposition 2024-01-25 71 $40.77 72,697 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2024-01-23 17,648 $0.00 17,648 $0.00
Class A Common Stock Restricted Stock Units Acquisiton 2024-01-23 14,248 $0.00 14,248 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
35,304 No 4 M Direct
14,248 No 4 A Direct
Footnotes
  1. Restricted stock units convert into Class A common stock on a one-for-one basis.
  2. This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction, and do not represent discretionary trades by the Reporting Person.
  3. 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 $40.89 to $41.965, 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.
  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 $41.98 to $42.73, 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 $40.35 to $41.16, 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. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
  7. On January 23, 2023, the Reporting Person was granted 52,952 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2024, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
  8. The restricted stock units vest as follows: 1/3 of the restricted stock units vest on January 23, 2025, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.