4//SEC Filing
Hibbard Carol J. 4
Accession 0001837240-24-000205
CIK 0001837240other
Filed
Nov 5, 7:00 PM ET
Accepted
Nov 6, 5:37 PM ET
Size
11.8 KB
Accession
0001837240-24-000205
Insider Transaction Report
Form 4
Hibbard Carol J.
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-11-03+57,009→ 57,009 total - Sale
Class A Common Stock
2024-11-05$29.00/sh−21,541$624,607→ 34,188 total - Sale
Class A Common Stock
2024-11-05$28.38/sh−1,280$36,326→ 55,729 total - Exercise/Conversion
Restricted Stock Units
2024-11-03−57,009→ 114,018 total→ Class A Common Stock (57,009 underlying)
Footnotes (6)
- [F1]Restricted stock units convert into Class A common stock on a one-for-one basis.
- [F2]This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction, and do not represent discretionary trades by the Reporting Person.
- [F3]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 $28.14 to $28.45, 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.
- [F4]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 $28.46 to $29.44, 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.
- [F5]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F6]On November 3, 2023, the Reporting Person was granted 171,027 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on November 3, 2024, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
Documents
Issuer
Symbotic Inc.
CIK 0001837240
Entity typeother
Related Parties
1- filerCIK 0001851963
Filing Metadata
- Form type
- 4
- Filed
- Nov 5, 7:00 PM ET
- Accepted
- Nov 6, 5:37 PM ET
- Size
- 11.8 KB