4Filed May 28, 8:00 PM ET
Symbotic (SYM) 10% Owner SVF Sponsor III Sells 5.59M Shares
$SYM · Symbotic Inc.Research Summary
AI-generated summary of this SEC filing
Symbotic (SYM) 10% Owner SVF Sponsor III Sells 5.59M Shares
What Happened
SVF Sponsor III (DE) LLC, reported as a 10% owner of Symbotic, sold 5,590,000 shares of Symbotic, Inc. (SYM) on May 27, 2026. The sale price was $50.41 per share, for aggregate proceeds of $281,819,850. The Form 4 records the transaction as an open market or private sale (transaction code S).
Key Details
- Transaction date: 2026-05-27; filing date: 2026-05-29 (filed timely).
- Price per share: $50.41; total proceeds: $281,819,850.
- Shares sold: 5,590,000.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Footnote: The filer is part of a SoftBank-related ownership structure (see footnote F1) — SoftBank Group Corp. is linked through a chain of funds and advisory entities; several related entities are filing separate Form 4s.
- Transaction type: Sale by an institutional/ownership entity (not an individual executive).
Context
This was a large institutional sale by a sponsor entity tied to SoftBank’s fund structure. Sales by 10% owners or sponsor entities can be routine portfolio or fund-related dispositions and do not necessarily indicate management sentiment. The filing appears timely (reported two days after the transaction).