KANE CHARLES 4
4 · Symbotic Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Symbotic (SYM) Director Charles Kane Sells 4,000 Shares
What Happened
- Director Charles Kane sold 4,000 Class A shares of Symbotic in open‑market transactions executed March 9, 2026, generating aggregate proceeds of about $191,431. The sales were executed under a Rule 10b5‑1 trading plan entered on December 8, 2025.
- In connection with the sales, Mr. Kane redeemed 4,000 Symbotic Holdings Units in exchange for an equal number of Class A shares; the paired Class V‑1 shares were canceled (no proceeds) per the limited‑liability company agreement. The Form 4 also includes an other‑disposition entry dated March 11 related to the derivative/unit cancellation.
Key Details
- Transaction date: March 9, 2026 (filed March 11, 2026 — timely)
- Open‑market sales (aggregate 4,000 shares):
- 800 shares @ $46.40 — $37,118
- 1,436 shares @ $47.50 — $68,217
- 1,190 shares @ $48.18 — $57,338
- 574 shares @ $50.10 — $28,758
- Total proceeds ≈ $191,431
- Related redemptions/other dispositions: redeemed 4,000 Symbotic Holdings Units for 4,000 Class A shares; 4,000 Class V‑1 shares were canceled and retired for no consideration.
- Footnotes: sales executed under a 10b5‑1 plan (entered Dec 8, 2025). Price ranges for same‑day aggregated trades are reported in filing footnotes (details available on request).
- Shares owned after the transactions: not specified in the provided filing.
Context
- These were sales (routine disposition) under a pre‑arranged 10b5‑1 plan; such plans allow insiders to sell according to a preset schedule and are generally considered scheduled/liquidation activity rather than a real‑time bullish signal.
- The Symbotic Holdings Units referenced are paired LLC units and Class V‑1 shares that can be redeemed one‑for‑one for Class A common stock; Class V‑1 shares have voting rights but no economic rights and were canceled on redemption.
Insider Transaction Report
Form 4
KANE CHARLES
Director
Transactions
- Other
Class V-1 Common Stock
[F1][F2][F3]2026-03-09−4,000→ 595,353 total - Other
Class A Common Stock
[F1][F2][F3]2026-03-09+4,000→ 93,852 total - Sale
Class A Common Stock
[F4][F5]2026-03-09$46.40/sh−800$37,118→ 93,052 total - Sale
Class A Common Stock
[F4][F6]2026-03-09$47.50/sh−1,436$68,217→ 91,616 total - Sale
Class A Common Stock
[F4][F7]2026-03-09$48.18/sh−1,190$57,338→ 90,426 total - Sale
Class A Common Stock
[F4][F8]2026-03-09$50.10/sh−574$28,758→ 89,852 total - Other
Symbotic Holdings Units
[F1][F2][F3]2026-03-11−4,000→ 595,353 total→ Class A Common Stock (4,000 underlying)
Footnotes (8)
- [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.
- [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 March 9, 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 December 8, 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 March 9, 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]This transaction was executed pursuant to a trading plan entered into by the Reporting Person on Decmeber 8, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F5]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 $45.98 to $46.77, 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.
- [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 $47.00 to $47.94, 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 $48.01 to $48.37, 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 $50.00 to $50.24, 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.
Signature
/s/ Corey Dufresne, Attorney-in-Fact for Charles Kane|2026-03-11