Branderiz Eric 4

What Happened

• Eric Branderiz, a director of Symbotic Inc. (SYM), had restricted stock units (RSUs) convert into Class A common stock on March 5, 2026. The filing shows 11,860 shares were converted (exercise/conversion, code M) and the same 11,860 shares were reported disposed at $0.00. In addition, 4,738 shares were reported as a grant/award (code A) at $0.00 (these are RSUs). The net effect reported in the filing is an increase of 4,738 shares (16,598 acquired and 11,860 disposed), with no cash proceeds shown.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely).
• Reported entries:
  • M (exercise/conversion): 11,860 shares acquired (no price listed).
  • A (award/grant): 4,738 RSUs awarded/converted at $0.00 (derivative).
  • M (exercise/conversion): 11,860 shares disposed at $0.00.
• Reported dollar proceeds: $0.00 for the disposed shares.
• Shares owned after the transaction: Not specified in the filing.
• Relevant footnotes:
  • F1–F2: RSUs convert one-for-one into Class A common stock; each RSU equals a contingent right to one share.
  • F3–F4: Vesting conditions described; prior grant of 11,860 RSUs was noted (May 14, 2025) with specified vesting triggers.
• Filing timeliness: Filed March 9, 2026 for a March 5, 2026 event — within the typical two-business-day reporting window.

Context

• These entries reflect RSU conversion/vesting activity rather than an open-market buy or sell. The zero-dollar disposition commonly indicates shares surrendered/withheld (for example, to cover taxes or withholding obligations), although the Form 4 does not explicitly state the reason. The net position increased by 4,738 shares, representing shares retained after the conversion/any withholding. This type of transaction is an award/vesting event and should be interpreted as administrative compensation-related activity rather than an active purchase or cash sale.