KANE CHARLES 4
4 · Symbotic Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Symbotic (SYM) Director Charles Kane Sells 2,000 Shares
What Happened
Charles Kane, a director of Symbotic Inc. (SYM), sold 2,000 shares of Class A common stock on June 1, 2026 at $45.99 per share, generating proceeds of $91,980. The sale was executed pursuant to a Rule 10b5‑1 trading plan. In connection with the transaction, Kane redeemed 2,000 Symbotic Holdings Units for an equal number of Class A shares and the paired Class V-1 shares were canceled and retired.
Key Details
- Transaction date: June 1, 2026. Open‑market sale: 2,000 shares at $45.99; proceeds $91,980.
- Related entries (code J): redemption of 2,000 Symbotic Holdings Units and cancellation/retirement of 2,000 Class V‑1 shares.
- Trading plan: 10b5‑1 plan entered Dec 8, 2025 (footnote F4). Sale executed under that plan (footnote F3).
- Footnotes of note: Class V‑1 shares have voting but no economic rights (F1); Symbotic Holdings Units are paired units redeemable one‑for‑one for Class A shares (F2).
- Shares owned after transaction: not specified in the Form 4 excerpt.
- Filing: Form 4 filed June 3, 2026 covering the June 1 transactions (appears timely).
Context
This was a pre‑planned sale under a 10b5‑1 program, and the redemption of Symbotic Holdings Units converted the holder’s unit position into Class A shares that were then sold. Such planned sales are generally considered routine and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Other
Class V-1 Common Stock
[F1][F2][F3]2026-06-01−2,000→ 589,353 total - Other
Class A Common Stock
[F1][F2][F3]2026-06-01+2,000→ 91,852 total - Sale
Class A Common Stock
[F4]2026-06-01$45.99/sh−2,000$91,980→ 89,852 total - Other
Symbotic Holdings Units
[F1][F2][F3]2026-06-01−2,000→ 589,353 total→ Class A Common Stock (2,000 underlying)
Footnotes (4)
- [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 June 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 June 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.