Michael David Dunn - 01 Oct 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
01 Oct 2024
Net transactions value
-$125,390
Form type
4
Filing time
03 Oct 2024, 19:37:54 UTC
Previous filing
25 Jul 2024
Next filing
25 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 +5,498 +7.1% 82,824 01 Oct 2024 By Dunn Family Holding LLC F1, F2
transaction SYM Class A Common Stock Options Exercise +7,666 +9.3% 90,490 01 Oct 2024 By Dunn Family Holding LLC F1, F2
transaction SYM Class A Common Stock Sale $125,390 -5,266 -5.8% $23.81 85,224 02 Oct 2024 By Dunn Family Holding LLC F2, F3

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 -5,498 -17% $0.000000 27,492 01 Oct 2024 Class A Common Stock 5,498 Direct F4, F5
transaction SYM Restricted Stock Units Options Exercise $0 -7,666 -50% $0.000000 7,672 01 Oct 2024 Class A Common Stock 7,666 Direct F4, F6
* 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 The Reporting Person may be considered the beneficial owner of securities held by Dunn Family Holding LLC, of which the Reporting Person is the Chief Manager. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 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.
F4 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
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.
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 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.

Remarks:

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