Michael D. Dunn - Jan 1, 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
Stock symbol
SYM
Transactions as of
Jan 1, 2023
Transactions value $
-$1,192,240
Form type
4
Date filed
1/4/2023, 04:12 PM
Previous filing
Dec 9, 2022
Next filing
Jan 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock Options Exercise +99.2K +68.41% 244K Jan 1, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$474K -39.7K -16.26% $11.94 204K Jan 1, 2023 Direct
transaction SYM Class A Common Stock Options Exercise +15.3K +7.5% 220K Jan 1, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$72K -6.03K -2.75% $11.94 214K Jan 1, 2023 Direct
transaction SYM Class A Common Stock Options Exercise +11K +5.15% 225K Jan 1, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$51.7K -4.33K -1.93% $11.94 220K Jan 1, 2023 Direct
transaction SYM Class A Common Stock Options Exercise +99.2K +45% 320K Jan 3, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$470K -39K -12.21% $12.04 281K Jan 3, 2023 Direct
transaction SYM Class A Common Stock Options Exercise +15.3K +5.47% 296K Jan 3, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$72.6K -6.03K -2.04% $12.04 290K Jan 3, 2023 Direct
transaction SYM Class A Common Stock Options Exercise +11K +3.79% 301K Jan 3, 2023 Direct F1
transaction SYM Class A Common Stock Tax liability -$52.1K -4.33K -1.44% $12.04 296K Jan 3, 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 -99.2K -25% $0.00 297K Jan 1, 2023 Class A Common Stock 99.2K Direct F2, F3
transaction SYM Restricted Stock Units Options Exercise $0 -15.3K -16.67% $0.00 76.7K Jan 1, 2023 Class A Common Stock 15.3K Direct F2, F4
transaction SYM Restricted Stock Units Options Exercise $0 -11K -12.5% $0.00 77K Jan 1, 2023 Class A Common Stock 11K Direct F2, F5
transaction SYM Restricted Stock Units Options Exercise $0 -99.2K -33.33% $0.00 198K Jan 3, 2023 Class A Common Stock 99.2K Direct F2, F3
transaction SYM Restricted Stock Units Options Exercise $0 -15.3K -20% $0.00 61.3K Jan 3, 2023 Class A Common Stock 15.3K Direct F2, F4
transaction SYM Restricted Stock Units Options Exercise $0 -11K -14.29% $0.00 66K Jan 3, 2023 Class A Common Stock 11K 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.