KRASNOW TODD 4
4 · Symbotic Inc. · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Symbotic (SYM) Director Todd Krasnow Sells Shares (~$1.42M)
What Happened
Todd Krasnow, a director of Symbotic, Inc., redeemed 19,655 Symbotic Holdings Units for the same number of Class A common shares and sold a total of 26,633 Class A shares in open‑market transactions on May 22, 2026, generating aggregate proceeds of roughly $1.42 million. He also transferred (gifted) 5,000 Symbotic Holdings Units and the paired Class V‑1 shares to the Todd and Deborah Krasnow Foundation (of which he is a trustee and over which he has voting and investment power). The transactions are sales (liquidity events), not purchases.
Key Details
- Transaction date: May 22, 2026. Form 4 filed May 27, 2026 (appears to be one business day late under the 2-business-day filing rule).
- Sales breakdown:
- 19,655 shares sold (reported at $53.73; aggregated sale prices reported in footnote F6 between $53.33 and $54.10) — proceeds ≈ $1,055,998.
- 6,978 shares sold (reported at $52.12; aggregated sale prices reported in footnote F7 between $51.865 and $52.40) — proceeds ≈ $363,677.
- Total sold: 26,633 shares for ≈ $1,419,675.
- Gift: 5,000 Symbotic Holdings Units and paired Class V‑1 shares gifted to the Todd and Deborah Krasnow Foundation (Footnote F3); Krasnow retains voting/investment power over foundation holdings.
- Redemption/derivative notes: 19,655 Symbotic Holdings Units were redeemed into Class A shares; the paired Class V‑1 shares were canceled/retired (Footnotes F2, F4).
- Ownership after transaction: not specified in the filing.
- Disclaimers: Reporting person disclaims beneficial ownership of certain spouse/trust holdings (Footnotes F9, F10, F5, F8).
- Pricing detail: sales were reported in aggregate with price ranges by footnote; full per-trade price breakdown can be provided by the filer on request (F6, F7).
Context
- Gifts and unit transfers to a private foundation are often estate/charitable planning moves and do not necessarily signal a view on the company’s stock.
- The redemption of Symbotic Holdings Units into Class A shares followed immediately by open‑market sales is a conversion-for-liquidity pattern (units → shares → sale).
- No options exercise or 10%‑owner acquisition occurred here; this filing reports liquidity/sale activity by a director.
Insider Transaction Report
Form 4
KRASNOW TODD
Director
Transactions
- Gift
Class V-1 Common Stock
[F1][F2][F3]2026-05-22−5,000→ 177,036 total - Other
Class V-1 Common Stock
[F1][F2][F4][F5]2026-05-22−19,655→ 534,002 total(indirect: By Inlet View, Inc.) - Other
Class A Common Stock
[F1][F2][F4][F5]2026-05-22+19,655→ 19,655 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
[F6][F5]2026-05-22$53.73/sh−19,655$1,055,998→ 0 total(indirect: By Inlet View, Inc.) - Sale
Class A Common Stock
[F7]2026-05-22$52.12/sh−6,978$363,677→ 3,367 total - Gift
Symbotic Holdings Units
[F1][F2][F3]2026-05-22−5,000→ 177,036 total→ Class A Common Stock (5,000 underlying) - Other
Symbotic Holdings Units
[F1][F2][F4][F5]2026-05-22−19,655→ 534,002 total(indirect: By Inlet View, Inc.)→ Class A Common Stock (19,655 underlying)
Holdings
- 40,000(indirect: By Trust)
Class A Common Stock
[F8] - 180,000(indirect: By Spouse)
Class V-1 Common Stock
[F9][F10] - 180,000(indirect: By Spouse)
Symbotic Holdings Units
[F1][F2][F9][F10]→ Class A Common Stock (180,000 underlying)
Footnotes (10)
- [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]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 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 together 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 May 22, 2026, the Reporting Person transferred 5,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd and Deborah Krasnow Foundation, a charitable foundation of which the Reporting Person is a trustee. The Reporting Person has voting and investment power over all securities owned by the foundation.
- [F4]On May 22, 2026, the Reporting Person sold 19,655 shares of Class A Common Stock (the "Stock Sale"). In connection with the Stock Sale, effective May 22, 2026, the Reporting Person redeemed 19,655 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 19,655 shares of Class V-1 Common Stock.
- [F5]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.
- [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 $53.33 to $54.10, 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 $51.865 to $52.40, 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]Todd 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.
- [F9]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.
Signature
/s/ Corey Dufresne, Attorney-in-Fact for Todd Krasnow|2026-05-27