Filing Details
- Accession Number:
- 0001837240-24-000180
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-10-03 19:37:54
- Reporting Period:
- 2024-10-01
- Accepted Time:
- 2024-10-03 19:37:54
- 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 | 2024-10-01 | 5,498 | $0.00 | 82,824 | No | 4 | M | Indirect | By Dunn Family Holding LLC |
| Class A Common Stock | Acquisiton | 2024-10-01 | 7,666 | $0.00 | 90,490 | No | 4 | M | Indirect | By Dunn Family Holding LLC |
| Class A Common Stock | Disposition | 2024-10-02 | 5,266 | $23.81 | 85,224 | 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 | 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 | 2024-10-01 | 5,498 | $0.00 | 5,498 | $0.00 |
| Class A Common Stock | Restricted Stock Units | Disposition | 2024-10-01 | 7,666 | $0.00 | 7,666 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 27,492 | No | 4 | M | Direct | ||
| 7,672 | No | 4 | M | Direct |
Footnotes
- Restricted stock units convert into Class A common stock on a one-for-one basis.
- The Reporting Person may be considered the beneficial owner of securities held by Dunn Family Holding LLC, of which the Reporting Person is the Chief Manager. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- 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.
- 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 87,970 restricted stock units that 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.
- 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 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.
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