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Filing Details

Accession Number:: 0001837240-24-000078
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-04-04 08:10:21
Reporting Period:: 2024-04-01

Accepted Time:: 2024-04-04 08:10:21
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2024-04-01	2,000	$45.52	63,646	No	4	S	Indirect	By Dunn Family Holding LLC
Class A Common Stock	Acquisiton	2024-04-01	5,498	$0.00	69,144	No	4	M	Indirect	By Dunn Family Holding LLC
Class A Common Stock	Acquisiton	2024-04-01	7,666	$0.00	76,810	No	4	M	Indirect	By Dunn Family Holding LLC
Class A Common Stock	Disposition	2024-04-02	5,444	$43.29	71,366	No	4	S	Indirect	By Dunn Family Holding LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Dunn Family Holding LLC
No	4	M	Indirect	By Dunn Family Holding LLC
No	4	M	Indirect	By Dunn Family Holding LLC
No	4	S	Indirect	By Dunn Family Holding LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2024-04-01	5,498	$0.00	5,498	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-04-01	7,666	$0.00	7,666	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
38,488			No	4	M	Direct
23,004			No	4	M	Direct

Footnotes

This transaction was executed pursuant to a trading plan entered into by the Reporting Person on August 18, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Reflects securities beneficially owned following the reported transaction after 65,646 securities previously owned directly by the Reporting Person were contributed to Dunn Family Holding LLC on March 11, 2024.
The Reporting Person may be considered the beneficial owner of securities held by Dunn Family Holding LLC, of which the Reporting Person is the Chief Manager. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Restricted stock units convert into Class A common stock on a one-for-one basis.
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.
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 $42.98 to $43.61, 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.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
On August 17, 2022, the reporting person was granted 87,970 restricted stock units that vest as follows: 1/4 of the restricted stock units vest on January 1, 2023, and 1/16 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
On August 17, 2022, the reporting person was granted 92,000 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 1, 2023, 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.