4//SEC Filing
KRASNOW TODD 4
Accession 0001526378-26-000003
CIK 0001837240other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 6:10 AM ET
Size
29.4 KB
Accession
0001526378-26-000003
Insider Transaction Report
Form 4
KRASNOW TODD
Director
Transactions
- Other
Class V-1 Common Stock
2026-01-05−4,000→ 589,079 total(indirect: By Inlet View, Inc.) - Other
Class A Common Stock
2026-01-05+4,000→ 4,000 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
2026-01-05$66.26/sh−176$11,662→ 3,824 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
2026-01-05$67.39/sh−392$26,416→ 3,432 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
2026-01-05$68.36/sh−1,222$83,541→ 2,210 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
2026-01-05$69.16/sh−2,158$149,254→ 52 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
2026-01-05$69.87/sh−52$3,633→ 0 total(indirect: By Inlet View, Inc.) - Other
Symbotic Holdings Units
2026-01-05−4,000→ 589,079 total(indirect: By Inlet View, Inc.)→ Class A Common Stock (4,000 underlying)
Holdings
- 40,000(indirect: By Trust)
Class A Common Stock
- 187,036
Class V-1 Common Stock
- 180,000(indirect: By Spouse)
Class V-1 Common Stock
- 187,036
Symbotic Holdings Units
→ Class A Common Stock (194,036 underlying) - 180,000(indirect: By Spouse)
Symbotic Holdings Units
→ Class A Common Stock (180,000 underlying)
Footnotes (13)
- [F1]Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to 1 vote per share.
- [F10]In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $69.815 to $69.91, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F11]Mr. Krasnow may be considered the beneficial owner of 20,000 shares of Class A Common Stock held by the Krasnow Family 2019 Charitable Remainder Trust and 20,000 shares of Class A Common Stock held by the Todd and Deborah Krasnow CRUT, both of which are trusts for which Mr. Krasnow is trustee and to which Mr. Krasnow is a beneficiary. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F12]Consists of (i) 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock held by the Reporting Person's spouse and (ii) 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock held by the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest.
- [F13]The Reporting Person disclaims beneficial ownership of the securities held by his spouse. The Reporting Person does not have voting or investment control over the securities held by the Todd J. Krasnow 2024 Irrevocable Trust and disclaims beneficial ownership of such securities except to the extent that the Reporting Person 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 spouse's securities or the securities held by the trust for purposes of Section 16 or for any other purpose.
- [F2]The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("Symbotic Holdings") and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are redeemable by the holder on a one-for-one basis for a share of Class A Common Stock of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. Upon redemption, the Issuer will cancel the Symbotic Holdings Units and cancel and retire for no consideration the redeemed shares of Class V-1 Common Stock.
- [F3]On Janury 5, 2026, the Reporting Person sold 4,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on February 19, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective January 5, 2026, the Reporting Person redeemed 4,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings canceled the Symbotic Holdings Units, and the Issuer canceled and retired for no consideration the redeemed 4,000 shares of Class V-1 Common Stock.
- [F4]Todd Krasnow may be considered the beneficial owner of securities held by Inlet View, Inc., of which Mr. Krasnow is the President and CEO. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F5]This transaction was executed pursuant to a trading plan entered into by the Reporting Person on February 19, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F6]In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $65.765 to $66.475, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F7]In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $66.875 to $67.695, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $67.775 to $68.695, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F9]In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $68.77 to $69.725, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Documents
Issuer
Symbotic Inc.
CIK 0001837240
Entity typeother
Related Parties
1- filerCIK 0001526378
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 6:10 AM ET
- Size
- 29.4 KB