AI assistant
Symbotic Inc. — Director's Dealing 2024
Jul 25, 2024
30185_dirs_2024-07-25_34cd4bc4-0605-4f4c-8530-22cec08572a6.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Symbotic Inc. (SYM)
CIK: 0001837240
Period of Report: 2024-07-23
Reporting Person: Dunn Michael David (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-07-23 | Class A Common Stock | M | 4413 | — | Acquired | 79221 | Indirect |
| 2024-07-24 | Class A Common Stock | S | 1895 | $36.56 | Disposed | 77326 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-23 | Restricted Stock Units | $ | M | 4413 | Disposed | Class A Common Stock (4413) | Direct |
Footnotes
F1: Restricted stock units convert into Class A common stock on a one-for-one basis.
F2: 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.
F3: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4: 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.