Symbotic (SYM) SVP Brian D. Alexander Exercises & Sells Shares
$SYM · Symbotic Inc.Research Summary
AI-generated summary of this SEC filing
Symbotic (SYM) SVP Brian D. Alexander Exercises & Sells Shares
What Happened
Brian D. Alexander, Senior Vice President, Commercial at Symbotic (SYM), had 20,512 restricted stock units (RSUs) settle into shares on July 23, 2026 and then sold 9,130 of those shares in the open market on July 24, 2026 for total proceeds of $367,954. The sale was a "sell-to-cover" to satisfy tax withholding obligations tied to the vesting/settlement of the RSUs.
Key Details
- Transaction dates: RSU settlement (exercise/conversion) on 2026-07-23; open-market sale on 2026-07-24. Filing date: 2026-07-27 (timely filed).
- Sale price(s): reported average $40.30; price range across multiple trades $40.23–$40.45. Total proceeds ≈ $367,954.
- Shares involved: 20,512 shares acquired on conversion/settlement; 9,130 shares sold to cover taxes. A corresponding derivative disposal line shows $0 proceeds reflecting shares retained/withheld for tax.
- Shares owned after transaction: not disclosed in this Form 4.
- Notable footnotes: F3 confirms the sales were mandated "sell-to-cover" tax withholdings (not discretionary trades). F1 clarifies each RSU equals one share. F5 describes the original RSU grant and vesting schedule. F2 notes 53 shares acquired earlier via the ESPP (Feb 27, 2026).
Context
This was an RSU vesting and settlement followed by a mandated sell-to-cover to meet tax obligations — routine compensation-related transactions rather than an independent investment purchase or sale decision. The filing includes an aggregated price range for same-day sales and offers to provide details on per-trade prices upon request.