Symbotic Inc.: director Charles Kane sold 2,000 shares

What happened

• The filing says director Charles Kane sold an aggregate of 2,000 shares on Oct 1, 2026. The filing reports open-market sales of 1,100 shares at $42.72 for $46,995 and 900 shares at $43.72 for $39,350.
• The filing also shows related transactions involving Symbotic Holdings Units and Class V-1 common stock: the Reporting Person redeemed 2,000 Symbotic Holdings Units for 2,000 shares of Class A common stock and related Class V-1 shares were canceled.

Key details

• Transaction date(s) and price(s): Oct 1, 2026; open-market sales reported at $42.72 (1,100 shares) and $43.72 (900 shares). The filing notes same-day aggregate reporting with sales executed in price ranges of $42.25–$43.23 and $43.31–$44.24.
• Total proceeds reported for the two open-market sales: $46,995 and $39,350 (aggregate $86,345).
• Redemption and cancellation: the filing states 2,000 Symbotic Holdings Units were redeemed for 2,000 Class A shares and Symbotic Holdings canceled the units; the issuer canceled and retired the redeemed 2,000 Class V-1 shares for no consideration (footnotes F2, F3).
• 10b5-1 plan: the filing says the 2,000-share sale was executed pursuant to a trading plan entered Dec 8, 2025, under Rule 10b5-1 (footnotes F3, F4).
• Shares owned after the transaction: not stated in the provided filing.
• Filing date: filed with the SEC on Oct 5, 2026 (Form 4).

Why it may matter

• The filing says the sale was executed under a pre-existing Rule 10b5-1 trading plan and involved redemption of Symbotic Holdings Units into Class A shares before the sale.
• The filing treats the unit redemption and the share sale as related transactions and notes cancellation of paired Class V-1 shares upon redemption.
• This filing does not show why the insider traded or why the company acted.