Charles Kane - Jun 7, 2022 Form 4 Insider Report for Symbotic Inc. (SYM)

Role: Director
Signature: /s/ Corey Dufresne, Attorney-in-Fact
Stock symbol: SYM
Transactions as of: Jun 7, 2022
Transactions value $: $650,000
Form type: 4
Date filed: 6/9/2022, 07:54 PM
Previous filing: May 20, 2022
Next filing: Jul 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYM	Class A Common Stock	Award	$650K	+65K		$10.00^*	65K	Jun 7, 2022	Direct	F1
transaction	SYM	Class V-1 Common Stock	Award		+735K			735K	Jun 7, 2022	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SYM	Symbotic Holdings Units	Award		+735K			735K	Jun 7, 2022	Class A Common Stock	735K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.