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Filing Details

Accession Number:: 0001837240-24-000009
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-01-04 18:45:27
Reporting Period:: 2024-01-02

Accepted Time:: 2024-01-04 18:45:27
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
Class A Common Stock	Acquisiton	2024-01-02	3,833	$0.00	5,030	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	2,749	$0.00	7,779	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	99,156	$0.00	106,935	No	4	M	Direct
Class A Common Stock	Acquisiton	2024-01-02	69,099	$0.00	176,034	No	4	M	Direct
Class A Common Stock	Disposition	2024-01-03	57,324	$46.35	118,710	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-03	15,520	$47.29	103,190	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-03	3,234	$48.06	99,956	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-04	57,940	$45.54	42,016	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-04	10,691	$46.20	31,325	No	4	S	Direct
Class A Common Stock	Disposition	2024-01-04	500	$47.00	30,825	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

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	2024-01-02	3,833	$0.00	3,833	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	2,749	$0.00	2,749	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	99,156	$0.00	99,156	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2024-01-02	69,099	$0.00	69,099	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
34,503	No	4	M	Direct
46,735	No	4	M	Direct
99,157	No	4	M	Direct
69,100	No	4	M	Direct

Footnotes

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 $45.95 to $46.94, 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.
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 $46.95 to $47.93, 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.
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 $47.98 to $48.19, 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.
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.
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 $45.00 to $45.98, 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.
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 $46.00 to $46.84, 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 92,000 restricted stock units that vest as follows: 1/3 of the restricted stock units vested 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 that vested on January 1, 2024 will be delivered in two tranches: 3,833 shares were delivered on January 2, 2024 and the shares for the remaining restricted stock units that vested on January 1, 2024 have not yet been delivered.
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 vested 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. The restricted stock units that vested on January 1, 2024 will be delivered in two tranches: 2,749 shares were delivered on January 2, 2024 and the shares for the remaining restricted stock units that vested on January 1, 2024 have not yet been delivered.
On August 17, 2022, the Reporting Person was granted 396,625 restricted stock units that 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 that vested on January 1, 2024 will be delivered in two tranches: 99,156 shares were delivered on January 2, 2024 and the shares for the remaining restricted stock units that vested on January 1, 2024 have not yet been delivered.
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 that vested on January 1, 2024 will be delivered in two tranches: 69,099 shares were delivered on January 2, 2024 and the shares for the remaining restricted stock units that vested on January 1, 2024 have not yet been delivered.