Filing Details

Accession Number:
0001628280-23-031198
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-31 18:15:35
Reporting Period:
2023-08-29
Accepted Time:
2023-08-31 18:15:35
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
1932973 Iii M William Boyd C/O Symbotic Inc., 200 Research Drive
Wilmington MA 01887
Chief Strategy Officer 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 V-1 Common Stock Disposition 2023-08-30 118,407 $0.00 614,353 No 4 J Direct
Class A Common Stock Acquisiton 2023-08-30 118,407 $0.00 119,600 No 4 J Direct
Class A Common Stock Disposition 2023-08-29 74,968 $39.62 44,632 No 4 S Direct
Class A Common Stock Disposition 2023-08-29 3,814 $40.18 40,818 No 4 S Direct
Class A Common Stock Disposition 2023-08-30 13,920 $38.01 26,898 No 4 S Direct
Class A Common Stock Disposition 2023-08-30 17,684 $39.41 9,214 No 4 S Direct
Class A Common Stock Disposition 2023-08-30 8,021 $40.07 1,193 No 4 S 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 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 Symbotic Holdings Units Disposition 2023-08-30 118,407 $0.00 118,407 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
614,353 No 4 J Direct
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 August 29 and August 30, 2023, the Reporting Person sold an aggregate of 118,407 shares of Class A Common Stock (the "Stock Sale"). In connection with the Stock Sale, effective August 30, 2023, the Reporting Person redeemed 118,407 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 118,407 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 $39.09 to $40.08, 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 $40.09 to $40.57, 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 $37.80 to $38.72, 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. 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 $38.84 to $39.82, 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.
  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 $39.84 to $40.31, 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.