Symbotic Inc. — Director's Dealing 2022

Aug 19, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Symbotic Inc. (SYM)
CIK: 0001837240
Period of Report: 2022-08-17

Reporting Person: Dunn Michael David (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-17	Class A Common Stock	M	276400	—	Acquired	276400	Direct
2022-08-19	Class A Common Stock	S	42000	$14.489	Disposed	234400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-17	Restricted Stock Units	$	A	414599	Acquired		Class A Common Stock (414599.0)	Direct
2022-08-17	Restricted Stock Units	$	M	276400	Disposed		Class A Common Stock (276400.0)	Direct
2022-08-17	Restricted Stock Units	$	A	396625	Acquired		Class A Common Stock (396625.0)	Direct
2022-08-17	Restricted Stock Units	$	A	92000	Acquired		Class A Common Stock (92000.0)	Direct
2022-08-17	Restricted Stock Units	$	A	87970	Acquired		Class A Common Stock (87970.0)	Direct

Footnotes

F1: Restricted stock units convert into Class A common stock on a one-for-one basis.

F2: The sales reported in this Form 4 represent 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.

F3: 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 $13.11 to $15.88, 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 withing the range set forth in this footnote.

F4: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F5: The restricted stock units vest as follows: 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.

F6: 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.

F7: The restricted stock units 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.

F8: The restricted stock units 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.

F9: The restricted stock units 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.