Symbotic CFO Izilda P. Martins Sells Shares After RSU Vest

What Happened

• Izilda P. Martins, Chief Financial Officer of Symbotic (SYM), had 59,134 restricted stock units (RSUs) convert to shares on July 23, 2026, and a portion of those shares were sold to cover tax withholding. On July 27, 2026, Martins sold 27,463 shares in the open market for total proceeds of $1,120,490 (reported average price $40.80). The filing also reports 59,134 shares converted/disposed in connection with the RSU settlement (reported as $0 for the derivative withholding).

Key Details

• Primary transactions:
  • 2026-07-23: Conversion/exercise of derivative (RSUs) — 59,134 shares vested/converted.
  • 2026-07-23: 59,134 shares marked as disposed at $0 in connection with the derivative settlement (represents shares withheld for taxes).
  • 2026-07-27: Open market sale — 27,463 shares sold at an average reported price of $40.80; total proceeds $1,120,490. Sales occurred at prices ranging $40.305 to $41.30 (per footnote).
• Footnotes of note:
  • F1: Each RSU equals one share of Class A common stock.
  • F2: The sales were required to satisfy tax withholding (sell‑to‑cover) and are not discretionary trades by the CFO.
  • F4: These RSUs were part of a 177,421‑unit grant on July 23, 2025; 1/3 vested on July 23, 2026 (consistent with the 59,134 vested here).
• Shares owned after the transactions: Not specified in this filing.
• Filing date: Aug 5, 2026 (covers transactions on July 23 and July 27, 2026). Form 4s are typically due within two business days of the transaction, so this filing was submitted noticeably later than that window.

Context

• These were RSU vesting and mandatory sell‑to‑cover transactions (a common administrative action to satisfy tax withholding). The RSUs converted to shares and some shares were sold immediately to fund taxes; the filing notes the sales were not discretionary. Such sell‑to‑cover transactions are routine and do not, by themselves, imply insider sentiment about the company's outlook.