Michael David Dunn - 23 Jul 2024 Form 4 Insider Report for Symbotic Inc. (SYM)

Role
Reporting Person's title is Senior Vice President, Sales, Marketing & Product Strategy.
Signature
/s/ Corey Dufresne, as Attorney-in-Fact for Michael D. Dunn
Issuer symbol
SYM
Transactions as of
23 Jul 2024
Net transactions value
-$69,281
Form type
4
Filing time
25 Jul 2024, 17:05:50 UTC
Previous filing
17 Jul 2024
Next filing
03 Oct 2024
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 +4,413 +5.9% 79,221 23 Jul 2024 By Dunn Family Holding LLC F1
transaction SYM Class A Common Stock Sale $69,281 -1,895 -2.4% $36.56 77,326 24 Jul 2024 By Dunn Family Holding LLC F2

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 -4,413 -14% $0.000000 26,478 23 Jul 2024 Class A Common Stock 4,413 Direct F3, F4
* 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 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
F4 On January 23, 2023, the Reporting Person was granted 52,952 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2024, 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.

Remarks:

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