Carol J. Hibbard - Nov 3, 2024 Form 4 Insider Report for Symbotic Inc. (SYM)

Role: Chief Financial Officer
Signature: /s/ Corey Dufresne, Attorney-in-Fact for Carol J. Hibbard
Stock symbol: SYM
Transactions as of: Nov 3, 2024
Transactions value $: -$660,933
Form type: 4
Date filed: 11/6/2024, 05:37 PM
Previous filing: Dec 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYM	Class A Common Stock	Options Exercise		+57K			57K	Nov 3, 2024	Direct	F1
transaction	SYM	Class A Common Stock	Sale	-$36.3K	-1.28K	-2.25%	$28.38	55.7K	Nov 5, 2024	Direct	F2, F3
transaction	SYM	Class A Common Stock	Sale	-$625K	-21.5K	-38.65%	$29.00	34.2K	Nov 5, 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	-57K	-33.33%	$0.00	114K	Nov 3, 2024	Class A Common Stock	57K		Direct	F5, 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	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 $28.14 to $28.45, 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 $28.46 to $29.44, 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 November 3, 2023, the Reporting Person was granted 171,027 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on November 3, 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.