KANE CHARLES 4
4 · Symbotic Inc. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Symbotic (SYM) Director Charles Kane Sells Shares
What Happened
- Director Charles Kane sold 2,000 shares of Symbotic Inc. (Class A) in open-market transactions on May 1, 2026 for an aggregate reported proceeds of approximately $116,525 (300 shares for $17,070; 1,252 shares for $72,948; 448 shares for $26,507).
- The transactions were executed pursuant to a pre-established Rule 10b5-1 trading plan (entered Dec. 8, 2025). In connection with the sale, Mr. Kane redeemed 2,000 Symbotic Holdings Units for an equal number of Class A shares and related paired Class V-1 shares were canceled/retired (see footnote F3).
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (timely).
- Open-market sale price details (aggregate reporting ranges per footnotes):
- 300 shares: prices ranged $56.52–$57.09 (avg reported $56.90).
- 1,252 shares: prices ranged $57.77–$58.73 (avg reported $58.27).
- 448 shares: prices ranged $58.90–$59.37 (avg reported $59.17).
- Additional derivative/other entries (J code): redemption of 2,000 Symbotic Holdings Units into Class A shares and cancellation/retirement of 2,000 Class V-1 shares (Footnotes F2–F3).
- Shares owned after the transaction: not specified in the information provided.
- Notable footnotes: 10b5-1 trading plan (F4); Class V-1 shares have no economic rights and are paired with Symbotic Holdings Units that are redeemable for Class A shares (F1–F2); aggregate price reporting with offer to provide per-trade details on request (F5–F7).
Context
- These were sales (not purchases). The trades were carried out under a pre-set Rule 10b5-1 plan and included a unit redemption that converted Symbotic Holdings Units into Class A shares which were sold and certain V-1 shares were retired.
- For retail investors: purchases are generally more informative about insider sentiment; here the filing documents routine sales under a trading plan and corporate redemption mechanics rather than a new acquisition.
Insider Transaction Report
Form 4
KANE CHARLES
Director
Transactions
- Other
Class V-1 Common Stock
[F1][F2][F3]2026-05-01−2,000→ 591,353 total - Other
Class A Common Stock
[F1][F2][F3]2026-05-01+2,000→ 91,852 total - Sale
Class A Common Stock
[F4][F5]2026-05-01$56.90/sh−300$17,070→ 91,552 total - Sale
Class A Common Stock
[F4][F6]2026-05-01$58.27/sh−1,252$72,948→ 90,300 total - Sale
Class A Common Stock
[F4][F7]2026-05-01$59.17/sh−448$26,507→ 89,852 total - Other
Symbotic Holdings Units
[F1][F2][F3]2026-05-01−2,000→ 591,353 total→ Class A Common Stock (2,000 underlying)
Footnotes (7)
- [F1]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.
- [F2]The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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.
- [F3]On May 1, 2026, the Reporting Person sold 2,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on December 8, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective May 1, 2026, the Reporting Person redeemed 2,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings canceled the Symbotic Holdings Units, and the Issuer canceled and retired for no consideration the redeemed 2,000 shares of Class V-1 Common Stock.
- [F4]This transaction was executed pursuant to a trading plan entered into by the Reporting Person on Decmeber 8, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F5]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 $56.52 to $57.09, 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.
- [F6]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 $57.77 to $58.73, 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.
- [F7]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 $58.90 to $59.37, 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.
Signature
/s/ Corey Dufresne, Attorney-in-Fact for Charles Kane|2026-05-05