Symbotic (SYM) Director Charles Kane Sells 2,000 Shares

What Happened
Charles Kane, a director of Symbotic, sold 2,000 shares of Class A Common Stock on September 1, 2026 at $39.00 per share, generating $78,000 in gross proceeds. The sale was executed under a pre-established Rule 10b5-1 trading plan. The transaction followed the redemption of 2,000 Symbotic Holdings Units into an equal number of Class A shares; paired Class V-1 shares tied to those units were canceled in connection with the redemption.

Key Details

• Transaction date: September 1, 2026; filing date: September 3, 2026 (filed within the standard 2-business-day window).
• Sale: 2,000 shares of Class A Common Stock at $39.00 per share; total proceeds $78,000. (Code S = open market sale)
• Related derivative activity: Redemption of 2,000 Symbotic Holdings Units for 2,000 Class A shares and cancellation/retirement of the paired Class V-1 shares (see footnotes). (Code J entries reflect these conversions/cancellations.)
• Trading plan: Sale executed pursuant to a Rule 10b5-1 plan established Dec. 8, 2025.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes: Class V-1 shares have voting but no economic rights; Symbotic Holdings Units are paired units redeemable one-for-one for Class A shares, subject to the LLC agreement terms.

Context
This was a planned sale via a 10b5-1 plan (pre-arranged), a routine mechanism insiders use to sell shares without trading on material nonpublic information; such sales should not be taken by themselves as a signal of company performance. The sequence here involved redeeming holder units into Class A shares and then selling those shares — the J-coded entries document those non-open-market conversion/cancellation steps.