KANE CHARLES 4

What Happened
Charles Kane, a director of Symbotic, reported derivative conversions and an RSU award on 2026-03-05. The filing shows an exercise/conversion (code M) of 10,345 derivative units into shares and a grant/award (code A) of 4,738 restricted stock units (RSUs) at $0.00. On the same date 10,345 shares were recorded as disposed (reported at $0.00), leaving a net of 4,738 newly issued shares retained by Kane. All transactions are derivative-based awards/conversions rather than open-market cash purchases or sales.

Key Details

• Transaction date: 2026-03-05; Form filed: 2026-03-09 (covers the March 5 transactions).
• Actions reported: M (exercise/conversion) — 10,345 shares acquired; A (award/grant) — 4,738 RSUs granted; M (exercise/conversion) — 10,345 shares disposed. All reported at $0.00 (derivative/award treatment).
• Net effect: +4,738 shares retained by the insider after the surrendered 10,345 shares.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes of note:
  • F1/F2: RSUs convert into Class A common stock on a one-for-one basis; each RSU equals a contingent right to one share.
  • F3/F4: Vesting conditions described — some RSUs vest on March 5, 2027 (or at the 2027 annual meeting/change of control) and others vest on March 6, 2026 (or at the 2026 annual meeting/change of control), subject to continued service.
• The disposed shares are reported at $0.00 (common when shares are surrendered to satisfy tax withholding or similar obligations).

Context
These entries reflect awards and conversions of derivative awards (RSUs/convertible units), not open-market trading. The pattern—conversion of units followed by an equal-number disposal—is commonly how vested awards are settled when shares are withheld to cover taxes or other obligations; the filing itself reports the mechanics but does not state the motive. Because these were awards/derivative conversions (not purchases), they are generally seen as routine compensation-related transactions rather than a direct bullish or bearish signal.