Sunlight Investment Corp. - Feb 7, 2024 Form 4 Insider Report for Symbotic Inc. (SYM)

Role
Former 10% Owner
Signature
Sunlight Investment Corp., By: /s/ Stephen Lam, as Director
Stock symbol
SYM
Transactions as of
Feb 7, 2024
Transactions value $
$0
Form type
4
Date filed
2/9/2024, 09:00 PM

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 Common Stock Warrants (right to buy) Other $0 -11.4M -100% $0.00* 0 Feb 7, 2024 Class A Common Stock 11.4M $41.97 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Sunlight Investment Corp. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person transferred the Common Stock Warrants to its sole stockholder, SVF II Strategic Investments AIV LLC, for no consideration and is no longer deemed to beneficially own these securities.
F2 Exercise of the warrants is subject to certain conditions set forth in the warrant, including the satisfaction of certain funding obligations pursuant to that certain Master Services, License and Equipment Agreement, dated as of July 23, 2023, by and between GreenBox Systems LLC and Symbotic LLC (the "MSLEA").
F3 The warrants expire on the later of (i) expiration of the term of the MSLEA and (ii) the date that is the 36-month anniversary of the date on which the warrant vested with respect to the applicable shares. The term of the MSLEA expires on July 23, 2027 unless earlier terminated pursuant to the terms of the MSLEA; provided that the term may be extended by GreenBox Systems LLC until July 23, 2029, subject to certain conditions.