Michael David Dunn - 01 Jan 2023 Form 4 Insider Report for Symbotic Inc. (SYM)

Role
Reporting Person's title is Vice President, Sales, Marketing & Product Strategy.
Signature
/s/ Corey Dufresne, Attorney-in-Fact
Issuer symbol
SYM
Transactions as of
01 Jan 2023
Net transactions value
-$1,192,240
Form type
4
Filing time
04 Jan 2023, 16:12:40 UTC
Previous filing
09 Dec 2022
Next filing
25 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock Options Exercise +99,156 +68% 244,095 01 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $474,006 -39,699 -16% $11.94 204,396 01 Jan 2023 Direct
transaction SYM Class A Common Stock Options Exercise +15,333 +7.5% 219,729 01 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $72,046 -6,034 -2.7% $11.94 213,695 01 Jan 2023 Direct
transaction SYM Class A Common Stock Options Exercise +10,996 +5.1% 224,691 01 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $51,664 -4,327 -1.9% $11.94 220,364 01 Jan 2023 Direct
transaction SYM Class A Common Stock Options Exercise +99,156 +45% 319,520 03 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $469,777 -39,018 -12% $12.04 280,502 03 Jan 2023 Direct
transaction SYM Class A Common Stock Options Exercise +15,333 +5.5% 295,835 03 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $72,649 -6,034 -2% $12.04 289,801 03 Jan 2023 Direct
transaction SYM Class A Common Stock Options Exercise +10,996 +3.8% 300,797 03 Jan 2023 Direct F1
transaction SYM Class A Common Stock Tax liability $52,097 -4,327 -1.4% $12.04 296,470 03 Jan 2023 Direct

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 Restricted Stock Units Options Exercise $0 -99,156 -25% $0.000000 297,469 01 Jan 2023 Class A Common Stock 99,156 Direct F2, F3
transaction SYM Restricted Stock Units Options Exercise $0 -15,333 -17% $0.000000 76,667 01 Jan 2023 Class A Common Stock 15,333 Direct F2, F4
transaction SYM Restricted Stock Units Options Exercise $0 -10,996 -12% $0.000000 76,974 01 Jan 2023 Class A Common Stock 10,996 Direct F2, F5
transaction SYM Restricted Stock Units Options Exercise $0 -99,156 -33% $0.000000 198,313 03 Jan 2023 Class A Common Stock 99,156 Direct F2, F3
transaction SYM Restricted Stock Units Options Exercise $0 -15,333 -20% $0.000000 61,334 03 Jan 2023 Class A Common Stock 15,333 Direct F2, F4
transaction SYM Restricted Stock Units Options Exercise $0 -10,996 -14% $0.000000 65,978 03 Jan 2023 Class A Common Stock 10,996 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A common stock on a one-for-one basis.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F3 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, 2023 were released in two tranches: 99,156 released on January 1, 2023 and 99,156 released on January 3, 2023.
F4 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 vest 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, 2023 were released in two tranches: 15,333 released on January 1, 2023 and 15,333 released on January 3, 2023.
F5 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 vest 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, 2023 were released in two tranches: 10,996 released on January 1, 2023 and 10,996 released on January 3, 2023.

Remarks:

Reporting Person's title is Vice President, Sales, Marketing & Product Strategy.