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Filing Details

Accession Number:: 0001837240-24-000125
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-05-24 19:35:55
Reporting Period:: 2024-05-09

Accepted Time:: 2024-05-24 19:35:55
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
1932967	A David Ladensohn	C/O Symbotic Inc., 200 Research Drive Wilmington MA 01887		No	No	Yes	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 V-3 Common Stock	Disposition	2024-05-09	1,000,000	$0.00	11,615,154	No	4	J	Indirect	By The 2014 QSST F/B/O Rachel Cohen Kanter
Class V-1 Common Stock	Disposition	2024-05-22	25,000	$0.00	520,835	No	4	J	Indirect	By The Jill Cohen Mill Trust
Class A Common Stock	Acquisiton	2024-05-22	25,000	$0.00	25,000	No	4	J	Indirect	By The Jill Cohen Mill Trust
Class A Common Stock	Disposition	2024-05-22	25,000	$43.26	0	No	4	S	Indirect	By The Jill Cohen Mill Trust
Class V-1 Common Stock	Disposition	2024-05-24	50,000	$0.00	446,878	No	4	J	Indirect	By The 2014 QSST F/B/O Rachel Cohen Kanter
Class A Common Stock	Acquisiton	2024-05-24	50,000	$0.00	50,000	No	4	J	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter
Class A Common Stock	Disposition	2024-05-24	48,699	$40.86	1,301	No	4	S	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter
Class A Common Stock	Disposition	2024-05-24	1,301	$41.84	0	No	4	S	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	By The 2014 QSST F/B/O Rachel Cohen Kanter
No	4	J	Indirect	By The Jill Cohen Mill Trust
No	4	J	Indirect	By The Jill Cohen Mill Trust
No	4	S	Indirect	By The Jill Cohen Mill Trust
No	4	J	Indirect	By The 2014 QSST F/B/O Rachel Cohen Kanter
No	4	J	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter
No	4	S	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter
No	4	S	Indirect	The 2014 QSST F/B/O Rachel Cohen Kanter

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Symbotic Holdings Units	Disposition	2024-05-09	1,000,000	$0.00	1,000,000	$0.00
Class A Common Stock	Symbotic Holdings Units	Disposition	2024-05-22	25,000	$0.00	25,000	$0.00
Class A Common Stock	Symbotic Holdings Units	Disposition	2024-05-24	50,000	$0.00	50,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
12,112,032	No	4	J	Indirect
14,378,979	No	4	J	Indirect
12,062,032	No	4	J	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	15,000	Indirect	By David A. Ladensohn Roth IRA
Class A Common Stock	30,000	Indirect	By Ladensohn Family Investments, Ltd.
Class A Common Stock	15,000	Indirect	By Spouse
Class V-1 Common Stock	491,436	Indirect	By The 2014 QSST F/B/O Perry Cohen
Class V-3 Common Stock	12,477,024	Indirect	By The 2014 QSST F/B/O Perry Cohen
Class V-3 Common Stock	151,561,831	Indirect	By The RBC Millennium Trust
Class V-3 Common Stock	13,858,144	Indirect	By The Jill Cohen Mill Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Symbotic Holdings Units	$0.00			151,561,831	151,561,831	Indirect
Class A Common Stock	Symbotic Holdings Units	$0.00			12,968,460	12,968,460	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	151,561,831	151,561,831	Indirect
	12,968,460	12,968,460	Indirect

Footnotes

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. Shares of Class V-3 Common Stock of the Issuer have no economic rights and each share of Class V-3 Common Stock entitles its holder to 3 votes per share.
The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings and an equal number of paired shares of Class V-1 Common Stock or Class V-3 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are together 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 or Class V-3 Common Stock, as applicable.
On May 9, 2024, the 2014 QSST F/B/O Rachel Cohen Kanter distributed 1,000,000 shares of Class V-3 common stock and an equal number of paired Symbotic Holdings Units to the beneficiary of the trust. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the 2014 QSST F/B/O Rachel Cohen Kanter, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
On May 22, 2024, The Jill Cohen Mill Trust sold 25,000 shares of Class A Common Stock (the "Stock Sale"). In connection with the Stock Sale, effective May 22, 2024, The Jill Cohen Mill Trust redeemed 25,000 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 canceled the Symbotic Holdings Units, and the Issuer canceled and retired for no consideration the redeemed 25,000 shares of Class V-1 Common Stock.
David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the Jill Cohen Mill Trust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owners of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
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 $43.00 to $43.91 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.
On May 24, 2024, The 2014 QSST F/B/O Rachel Cohen Kanter sold 50,000 shares of Class A Common Stock (the "QSST Stock Sale"). In connection with the QSST Stock Sale, effective May 24, 2024, The 2014 QSST F/B/O Rachel Cohen Kanter redeemed 50,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "QSST Redemption"). In connection with the QSST Redemption, Symbotic Holdings canceled the Symbotic Holdings Units, and the Issuer canceled and retired for no consideration the redeemed 50,000 shares of Class V-1 Common Stock.
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 $40.64 to $41.63 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 $41.64 to $42.05 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.
The Reporting Person may be considered the beneficial owner of securities held directly by Ladensohn Family Investments, Ltd., of which he is one of the general partners. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
The Reporting Person may be considered to have an indirect pecuniary interest in securities held by the Alice C. Panitz Residuary Trust, in which the Reporting Person's spouse has a pecuniary interest. The Reporting Person does not have voting or investment control over the shares and disclaims beneficial ownership of the shares held by the Alice C. Panitz Residuary Trust except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the 2014 QSST F/B/O Perry Cohen, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
David A. Ladensohn may be considered the beneficial owner of securities held of record by The RBC Millennium Trust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.