4//SEC Filing
Ernst Thomas C JR 4
Accession 0001837240-23-000031
CIK 0001837240other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:46 PM ET
Size
8.5 KB
Accession
0001837240-23-000031
Insider Transaction Report
Form 4
Ernst Thomas C JR
Chief Financial Officer
Transactions
- Award
Symbotic Holdings Units
2022-08-02+12,926→ 1,023,279 total→ Class A Common Stock (12,926 underlying) - Award
Class V-1 Common Stock
2022-08-02+12,926→ 1,023,279 total
Footnotes (2)
- [F1]Represents Symbotic Holdings Units issued to the Reporting Person on August 2, 2022 as Earnout Interests following the occurrence of Triggering Event III in connection with the Agreement and Plan of Merger, dated December 12, 2021, by and among the Issuer, Saturn Acquisition (DE) Corp., Warehouse Technologies LLC and Symbotic Holdings LLC ("Symbotic Holdings"), as described in the Issuer's final prospectus filed with the Securities and Exchange Commission on June 1, 2022.
- [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. 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.
Documents
Issuer
Symbotic Inc.
CIK 0001837240
Entity typeother
Related Parties
1- filerCIK 0001763879
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:46 PM ET
- Size
- 8.5 KB