Key facts
- This page summarizes Michael D. Rhodin's Form 4 filing for Symbotic Inc. (SYM).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 06 Jan 2023, 16:47.
Michael D. Rhodin - 02 Aug 2022 Form 4 Insider Report for Symbotic Inc. (SYM)
- Reporting relationship
- Director
- Issuer ticker
- SYM
- Reported as of
- 02 Aug 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 06 Jan 2023, 16:47:21 UTC
- Prior SEC filing
- 21 Jul 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Corey Dufresne. Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Michael D. Rhodin filed Form 4 for Symbotic Inc. (SYM) on 06 Jan 2023.
Change
- Previous filing in this sequence was filed on 21 Jul 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SYM
transaction
Class V-1 Common Stock
Award
- Transaction value
- Shares
- +9,655
- Change %
- +1.3%
- Price
- Shares after
- 764,353
- Date
- 02 Aug 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SYM
transaction
Derivative
Symbotic Holdings Units
Award
- Transaction value
- Shares
- +9,655
- Change %
- +1.3%
- Price
- Shares after
- 764,353
- Date
- 02 Aug 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,655
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents Symbotic Holdings Units issued to the Reporting Person on August 2, 2022 as Earnout Interests following the occurrence of Triggering Event III in connection with the Agreement and Plan of Merger, dated December 12, 2021, by and among the Issuer, Saturn Acquisition (DE) Corp., Warehouse Technologies LLC and Symbotic Holdings LLC ("Symbotic Holdings"), as described in the Issuer's final prospectus filed with the Securities and Exchange Commission on June 1, 2022.
Footnote F2
The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are together redeemable by the holder on a one-for-one basis for a share of Class A Common Stock of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. Upon redemption, the Issuer will cancel the Symbotic Holdings Units and cancel and retire for no consideration the redeemed shares of Class V-1 Common Stock. Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to 1 vote per share.
Footnote F3
The amount of securities beneficially owned following the reported transactions in Table I does not include shares of other classes of the Issuer's securities held directly or indirectly by the Reporting Person that are reported on preceding Form 4 filings.