Michael D. Dunn - Jan 9, 2024 Form 4 Insider Report for Symbotic Inc. (SYM)

Signature
/s/ Corey Dufresne, as Attorney-in-Fact for Michael D. Dunn
Stock symbol
SYM
Transactions as of
Jan 9, 2024
Transactions value $
-$2,993,282
Form type
4
Date filed
1/11/2024, 06:26 PM
Previous filing
Jan 4, 2024
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock Options Exercise +3.83K +12.43% 34.7K Jan 9, 2024 Direct F1
transaction SYM Class A Common Stock Options Exercise +2.75K +7.93% 37.4K Jan 9, 2024 Direct F1
transaction SYM Class A Common Stock Options Exercise +99.2K +265.08% 137K Jan 9, 2024 Direct F1
transaction SYM Class A Common Stock Options Exercise +69.1K +50.6% 206K Jan 9, 2024 Direct F1
transaction SYM Class A Common Stock Sale -$2.18M -50.4K -24.53% $43.29 155K Jan 9, 2024 Direct F2, F3
transaction SYM Class A Common Stock Sale -$809K -18.4K -11.85% $44.00 137K Jan 9, 2024 Direct F2, 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 Restricted Stock Units Options Exercise $0 -3.83K -11.11% $0.00 30.7K Jan 9, 2024 Class A Common Stock 3.83K Direct F5, F6
transaction SYM Restricted Stock Units Options Exercise $0 -2.75K -5.88% $0.00 44K Jan 9, 2024 Class A Common Stock 2.75K Direct F5, F7
transaction SYM Restricted Stock Units Options Exercise $0 -99.2K -100% $0.00* 0 Jan 9, 2024 Class A Common Stock 99.2K Direct F5, F8
transaction SYM Restricted Stock Units Options Exercise $0 -69.1K -100% $0.00* 0 Jan 9, 2024 Class A Common Stock 69.1K Direct F5, F9
* 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 This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction, and do not represent discretionary trades by the Reporting Person.
F3 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 $42.80 to $43.79, 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.
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 $43.80 to $44.37, 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.
F5 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F6 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 vested 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, 2024 were delivered in two tranches: 3,833 shares were delivered on January 2, 2024 and 3,833 shares were delivered on January 9, 2024.
F7 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 vested 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, 2024 were delivered in two tranches: 2,749 shares were delivered on January 2, 2024 and 2,749 shares were delivered on January 9, 2024.
F8 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, 2024 were delivered in two tranches: 99,156 shares were delivered on January 2, 2024 and 99,157 shares were delivered on January 9, 2024.
F9 On August 17, 2022, the Reporting Person was granted an award of 414,599 restricted stock units, 2/3 of the restricted stock units vest on the date of grant and the remaining 1/3 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, 2024 were delivered in two tranches: 69,099 shares were delivered on January 2, 2024 and 69,100 shares were delivered on January 9, 2024.

Remarks:

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