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Symbotic Inc. — Director's Dealing 2022
Jun 10, 2022
30185_dirs_2022-06-09_47c9aa74-b8ae-400f-8647-8a12de21ed17.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Symbotic Inc. (SYM)
CIK: 0001837240
Period of Report: 2022-06-07
Reporting Person: KANE CHARLES (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-06-07 | Class A Common Stock | A | 65000 | $10.00 | Acquired | 65000 | Direct |
| 2022-06-07 | Class V-1 Common Stock | A | 735388 | — | Acquired | 735388 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-07 | Symbotic Holdings Units | $ | A | 735388 | Acquired | Class A Common Stock (735388) | Direct |
Footnotes
F1: Acquired pursuant to a Subscription Agreement, dated December 12, 2021, between the Issuer and Charles Kane.
F2: Represents Symbotic Holdings Units received as consideration for limited liability company units of Warehouse Technologies LLC ("Warehouse") in connection with the Agreement and Plan of Merger, dated December 12, 2021, by and among the Issuer, Saturn Acquisition (DE) Corp., Warehouse and Symbotic Holdings LLC ("Symbotic Holdings"), as described in the Issuer's final prospectus filed with the Securities and Exchange Commission on June 1, 2022.
F3: 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 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. 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. 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.