Symbotic Inc. — Director's Dealing 2023

Jul 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Symbotic Inc. (SYM)
CIK: 0001837240
Period of Report: 2023-07-03

Reporting Person: Dunn Michael David (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-03	Class A Common Stock	M	7666	—	Acquired	88385	Direct
2023-07-03	Class A Common Stock	M	5498	—	Acquired	93883	Direct
2023-07-05	Class A Common Stock	S	5270	$41.312	Disposed	88613	Direct
2023-07-05	Class A Common Stock	S	105	$41.6195	Disposed	88508	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-03	Restricted Stock Units	$	M	7666	Disposed		Class A Common Stock (7666)	Direct
2023-07-03	Restricted Stock Units	$	M	5498	Disposed		Class A Common Stock (5498)	Direct

Footnotes

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

F2: Includes 1,197 shares acquired on June 30, 2023 under the Symbotic Inc. 2022 Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

F3: 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.

F4: 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 $40.91 to $41.51, 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.

F5: 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 $41.61 to $41.62, 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.

F6: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.

F7: 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 vested 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. The restricted stock units that vested on July 1, 2023 were delivered on July 3, 2023.

F8: 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 vested 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. The restricted stock units that vested on July 1, 2023 were delivered on July 3, 2023.