Ford Rollin L. 4

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.