Key facts
- This page summarizes Walmart Inc.'s Form 4 filing for Symbotic Inc. (SYM).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 14 Dec 2023, 17:01.
Walmart Inc. - 12 Dec 2023 Form 4 Insider Report for Symbotic Inc. (SYM)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- SYM
- Reported as of
- 12 Dec 2023
- Net transaction value
- +$158,704,110
- SEC form
- 4
- Accepted by SEC
- 14 Dec 2023, 17:01:43 UTC
- Prior SEC filing
- 04 Aug 2022
- Next SEC filing
- 16 Oct 2024
- Source filing
- View source filing
- Reporting owner signature
- WALMART INC. By: /s/ Gordon Y. Allison, Senior Vice President and Chief Counsel, Finance and Corporate Governance
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Walmart Inc. filed Form 4 for Symbotic Inc. (SYM) on 14 Dec 2023.
Change
- Previous filing in this sequence was filed on 04 Aug 2022.
- Current net transaction value: +$158,704,110.
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
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $158,704,110
- Shares
- +15,870,411
- Change %
- +35%
- Price
- $10.00
- Shares after
- 61,350,823
- Date
- 12 Dec 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SYM
transaction
Derivative
Common Units in Symbotic Holdings LLC
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- Shares
- +15,870,411
- Change %
- +35%
- Price
- Shares after
- 61,350,823
- Date
- 12 Dec 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 15,870,411
- Exercise price
- Footnotes
- F1, F2, F3
SYM
transaction
Derivative
Warrant in Symbotic Holdings LLC
Exercise of in-the-money or at-the-money derivative security
- Transaction value
- $0
- Shares
- -15,870,411
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 12 Dec 2023
- Ownership
- Direct
- Underlying class
- Common Units in Symbotic Holdings LLC
- Underlying amount
- 15,870,411
- Exercise price
- $10.00
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On December 12, 2023, the reporting person exercised in full its warrant to purchase 15,870,411 limited liability company units ("Symbotics Holdings Units") of Symbotic Holdings LLC ("Symbotics Holdings") at a price of $10.00 per Symbotics Holding Unit. An equal number of Class V-1 Common Stock of the Issuer was issued to the reporting person in connection with the exercise of the warrant and the issuance of the Symbotics Holding Units.
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. [Cont.]
Footnote F3
[Continuation] 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 one vote per share.
Footnote F4
The warrant vested at the time that the Installment Commencement Date of the Project for which the applicable Project SOW resulted in at least 10 Modules installed under the Second Amended and Restated Master Automation Agreement, dated as of May 20, 2022, by and among Symbotic Holdings, the reporting person and Symbotic LLC (the "MAA") (as each term is defined in the MAA). The warrant was scheduled to expire on the five-year anniversary of the issue date.