Charles Kane - Nov 29, 2023 Form 4 Insider Report for Symbotic Inc. (SYM)

Role: Director
Signature: /s/ Corey Dufresne, Attorney-in-Fact
Stock symbol: SYM
Transactions as of: Nov 29, 2023
Transactions value $: -$1,347,628
Form type: 4
Date filed: 12/1/2023, 05:18 PM
Previous filing: Aug 31, 2023
Next filing: Dec 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYM	Class V-1 Common Stock	Other		-25K	-3.76%		639K	Nov 29, 2023	Direct	F1, F2, F3
transaction	SYM	Class A Common Stock	Other		+25K	+38.46%		90K	Nov 29, 2023	Direct	F1, F2, F3
transaction	SYM	Class A Common Stock	Sale	-$1.35M	-25K	-27.78%	$53.91	65K	Nov 29, 2023	Direct	F4

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	Other		-25K	-3.76%		639K	Nov 29, 2023	Class A Common Stock	25K		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. 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.
F3	On November 29, 2023, the Reporting Person sold an aggregate of 25,000 shares of Class A Common Stock (the "Stock Sale"). In connection with the Stock Sale, effective November 29, 2023, the Reporting Person redeemed 25,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 25,000 shares of Class V-1 Common Stock.
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 $53.53 to $54.195, 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.