Filing Details

Accession Number:
0001837240-24-000155
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-07-25 17:05:50
Reporting Period:
2024-07-23
Accepted Time:
2024-07-25 17:05:50
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 2024-07-23 4,413 $0.00 79,221 No 4 M Indirect By Dunn Family Holding LLC
Class A Common Stock Disposition 2024-07-24 1,895 $36.56 77,326 No 4 S Indirect By Dunn Family Holding LLC
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Indirect By Dunn Family Holding LLC
No 4 S Indirect By Dunn Family Holding LLC
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Restricted Stock Units Disposition 2024-07-23 4,413 $0.00 4,413 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
26,478 No 4 M Direct
Footnotes
  1. Restricted stock units convert into Class A common stock on a one-for-one basis.
  2. 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.
  3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
  4. On January 23, 2023, the Reporting Person was granted 52,952 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2024, 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.