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Symbotic Inc. — Director's Dealing 2024
Jan 12, 2024
30185_dirs_2024-01-11_4e8311c9-46cc-4358-852c-32a17eb32dfa.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: 2024-01-09
Reporting Person: Dunn Michael David (See Remarks)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-09 | Class A Common Stock | M | 3833 | — | Acquired | 34658 | Direct |
| 2024-01-09 | Class A Common Stock | M | 2749 | — | Acquired | 37407 | Direct |
| 2024-01-09 | Class A Common Stock | M | 99157 | — | Acquired | 136564 | Direct |
| 2024-01-09 | Class A Common Stock | M | 69100 | — | Acquired | 205664 | Direct |
| 2024-01-09 | Class A Common Stock | S | 50445 | $43.2919 | Disposed | 155219 | Direct |
| 2024-01-09 | Class A Common Stock | S | 18397 | $43.9975 | Disposed | 136822 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-09 | Restricted Stock Units | $ | M | 3833 | Disposed | Class A Common Stock (3833) | Direct | |
| 2024-01-09 | Restricted Stock Units | $ | M | 2749 | Disposed | Class A Common Stock (2749) | Direct | |
| 2024-01-09 | Restricted Stock Units | $ | M | 99157 | Disposed | Class A Common Stock (99157) | Direct | |
| 2024-01-09 | Restricted Stock Units | $ | M | 69100 | Disposed | Class A Common Stock (69100) | 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: 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 $42.80 to $43.79, 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 within the range set forth in this footnote.
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 $43.80 to $44.37, 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 within the range set forth in this footnote.
F5: Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F6: 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 January 1, 2024 were delivered in two tranches: 3,833 shares were delivered on January 2, 2024 and 3,833 shares were delivered on January 9, 2024.
F7: 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 January 1, 2024 were delivered in two tranches: 2,749 shares were delivered on January 2, 2024 and 2,749 shares were delivered on January 9, 2024.
F8: On August 17, 2022, the Reporting Person was granted 396,625 restricted stock units that 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. The restricted stock units that vested on January 1, 2024 were delivered in two tranches: 99,156 shares were delivered on January 2, 2024 and 99,157 shares were delivered on January 9, 2024.
F9: 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. The restricted stock units that vested on January 1, 2024 were delivered in two tranches: 69,099 shares were delivered on January 2, 2024 and 69,100 shares were delivered on January 9, 2024.