Ford Rollin L. 4
4 · Symbotic Inc. · Filed Mar 9, 2026
Research Summary
AI-generated summary of this filing
Symbotic (SYM) Director Rollin Ford Receives 4,738 Shares (RSU Vesting)
What Happened
- Rollin L. Ford, a director of Symbotic, had restricted stock units (derivative awards) convert on March 5, 2026. The filing shows a conversion/exercise of 10,345 derivative units and the grant/award (net delivery) of 4,738 shares of Class A common stock. The filing also records the disposition/surrender of 10,345 shares (reported at $0.00), with no cash proceeds reported.
- All transactions are shown as derivative-related (RSU conversion/settlement) rather than open-market purchases or sales. The filing lists $0.00 per-share amounts for the award and disposition lines, indicating no cash changed hands in those recorded entries.
Key Details
- Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (appears to be filed after the 2-business-day SEC window).
- Reported entries: conversion/exercise of 10,345 derivative units (acquired, reported N/A), award/acquisition of 4,738 shares @ $0.00 (derivative), and disposition/surrender of 10,345 shares @ $0.00 (derivative).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F1/F3: Each restricted stock unit (RSU) converts into one share of Class A common stock on a one-for-one basis.
- F5: The 10,345 RSUs were originally granted on March 6, 2025 and were scheduled to vest (per the grant terms) as early as March 6, 2026.
- F4: A separate RSU tranche (referenced in the filing) vests on the earlier of March 5, 2027, the 2027 annual meeting, or a change of control, subject to service.
- F2: Mr. Ford may have an indirect pecuniary interest in 30,000 shares held by the RLF 2020 Gift Trust (his wife is trustee); he disclaims beneficial ownership except to the extent of any indirect pecuniary interest.
- Filing timeliness: The Form 4 was filed four days after the transaction date; Section 16 filers are normally required to file within two business days of transactions.
Context
- These entries reflect RSU vesting and settlement/conversion rather than an open-market buy or sell. The simultaneous conversion and zero-dollar disposition lines are commonly used when vested RSU shares are surrendered/withheld to satisfy tax withholding or other settlement requirements, leaving a net number of shares delivered (here, 4,738). The filing itself shows no cash proceeds.
- Awards, net settlements or tax withholdings are routine and do not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Ford Rollin L.
Director
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-03-05+10,345→ 24,852 total - Award
Restricted Stock Units
[F3][F4]2026-03-05+4,738→ 4,738 total→ Class A Common Stock (4,738 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F5]2026-03-05−10,345→ 0 total→ Class A Common Stock (10,345 underlying)
Holdings
- 8,000(indirect: By Trust)
Class A Common Stock
- 30,000(indirect: By Spouse)
Class A Common Stock
[F2]
Footnotes (5)
- [F1]Restricted stock units convert into Class A common stock on a one-for-one basis.
- [F2]Rollin Ford may be considered to have an indirect pecuniary interest in 30,000 shares of Class A Common Stock held directly by the RLF 2020 Gift Trust, in which Mr. Ford's wife acts as trustee and to which Mr. Ford's immediate family have a pecuniary interest. Rollin Ford does not have voting or investment control over the shares and disclaims beneficial ownership of the shares held by the RLF 2020 Gift Trust except to the extent that Mr. Ford may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares held by the RLF 2020 Gift Trust for purposes of Section 16 or for any other purpose.
- [F3]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F4]The restricted stock units vest in full upon the earliest of: (1) March 5, 2027, (2) the Issuer's 2027 Annual Meeting of Stockholders or (3) a change of control of the Issuer, subject to the Reporting Person's continued service with the Issuer on the vesting date.
- [F5]On March 6, 2025, the Reporting Person was granted 10,345 restricted stock units that vest in full upon the earliest of: (1) March 6, 2026, (2) the Issuer's 2026 Annual Meeting of Stockholders or (3) a change of control of the Issuer, subject to the Reporting Person's continued service with the Issuer on the vesting date.
Signature
/s/ Corey Dufresne, as Attorney-in-Fact for Reporting Person|2026-03-09