Carol J. Hibbard - 03 Nov 2024 Form 4 Insider Report for Symbotic Inc. (SYM)

Signature
/s/ Corey Dufresne, Attorney-in-Fact for Carol J. Hibbard
Issuer symbol
SYM
Transactions as of
03 Nov 2024
Net transactions value
-$660,933
Form type
4
Filing time
06 Nov 2024, 17:37:58 UTC
Previous filing
15 Dec 2023
Next filing
27 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock Options Exercise +57,009 57,009 03 Nov 2024 Direct F1
transaction SYM Class A Common Stock Sale $36,326 -1,280 -2.2% $28.38 55,729 05 Nov 2024 Direct F2, F3
transaction SYM Class A Common Stock Sale $624,607 -21,541 -39% $29.00 34,188 05 Nov 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 -57,009 -33% $0.000000 114,018 03 Nov 2024 Class A Common Stock 57,009 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.