Filing Details
- Accession Number:
- 0001837240-22-000029
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-08-19 17:52:20
- Reporting Period:
- 2022-08-17
- Accepted Time:
- 2022-08-19 17:52:20
- 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 | 2022-08-17 | 276,400 | $0.00 | 276,400 | No | 4 | M | Direct | |
| Class A Common Stock | Disposition | 2022-08-19 | 42,000 | $14.49 | 234,400 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 | Acquisiton | 2022-08-17 | 414,599 | $0.00 | 414,599 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2022-08-17 | 276,400 | $0.00 | 276,400 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Acquisiton | 2022-08-17 | 396,625 | $0.00 | 396,625 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Acquisiton | 2022-08-17 | 92,000 | $0.00 | 92,000 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Acquisiton | 2022-08-17 | 87,970 | $0.00 | 87,970 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 414,599 | No | 4 | A | Direct | ||
| 138,199 | No | 4 | M | Direct | ||
| 396,625 | No | 4 | A | Direct | ||
| 92,000 | No | 4 | A | Direct | ||
| 87,970 | No | 4 | A | Direct |
Footnotes
- Restricted stock units convert into Class A common stock on a one-for-one basis.
- The sales reported in this Form 4 represent 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 $13.11 to $15.88, 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 withing 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.
- The restricted stock units vest as follows: 2/3 of the restricted stock units vest on the date of grant and the remaining 1/3 of the restricted stock units vest on January 1, 2024, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
- On August 17, 2022, the Reporting Person was granted an award of 414,599 restricted stock units, 2/3 of the restricted stock units vest on the date of grant and the remaining 1/3 of the restricted stock units vest on January 1, 2024, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
- The restricted stock units vest as follows: 1/2 of the restricted stock units vest on January 1, 2023, and the remaining 1/2 of the restricted stock units vest on January 1, 2024, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
- The restricted stock units 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.
- The restricted stock units 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.
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