KRASNOW TODD 4
Research Summary
AI-generated summary
Symbotic (SYM) Director Todd Krasnow Sells Shares
What Happened
Todd Krasnow, a director of Symbotic, sold a total of 2,000 Class A shares in open-market transactions on June 1, 2026, generating approximately $94,604 in proceeds (483 @ $45.97 = $22,201; 348 @ $47.02 = $16,365; 1,101 @ $47.90 = $52,739; 68 @ $48.51 = $3,299). The filing also documents a related redemption/acquisition sequence: Krasnow redeemed 2,000 Symbotic Holdings Units for an equal number of Class A shares (and corresponding Class V-1 shares were canceled), and those shares were sold pursuant to a Rule 10b5-1 trading plan.
Key Details
- Transaction date: June 1, 2026 (Form 4 filed June 3, 2026 — appears timely).
- Open-market sales: 2,000 shares totaling ~$94,604 across four trades (prices listed above).
- Related unit redemption: 2,000 Symbotic Holdings Units redeemed for 2,000 Class A shares; paired Class V-1 shares were canceled (see F2 and F3).
- Plan/authorization: Sales were executed under a 10b5-1 trading plan entered Dec. 8, 2025 (F3, F5).
- Ownership notes: Filing disclaims beneficial ownership of certain shares held by Krasnow’s spouse and trusts; V-1 shares carry voting but no economic rights (F1, F10, F11).
- No late-filing indication in this report.
Context
- The sequence here is procedural: limited‑liability company units (Symbotic Holdings Units) were redeemed to create Class A shares, which were then sold under a pre-established 10b5-1 plan. That makes this a planned, not ad‑hoc, sale.
- Sales by insiders are common and do not by themselves signal management views; purchases tend to be more informative about bullish convictions.
- The filing includes customary disclaimers about beneficial ownership of family/trust holdings; see footnotes for details on convertibility and ownership assertions (F2, F3, F10, F11).