Michael D. Dunn - Jul 23, 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
Stock symbol
SYM
Transactions as of
Jul 23, 2024
Transactions value $
-$69,281
Form type
4
Date filed
7/25/2024, 05:05 PM
Previous filing
Jul 17, 2024
Next filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock Options Exercise +4.41K +5.9% 79.2K Jul 23, 2024 By Dunn Family Holding LLC F1
transaction SYM Class A Common Stock Sale -$69.3K -1.9K -2.39% $36.56 77.3K Jul 24, 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 -4.41K -14.29% $0.00 26.5K Jul 23, 2024 Class A Common Stock 4.41K 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.