4//SEC Filing
Dunn Michael David 4
Accession 0001837240-25-000005
CIK 0001837240other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 5:20 PM ET
Size
14.0 KB
Accession
0001837240-25-000005
Insider Transaction Report
Form 4
Dunn Michael David
Chief Customer Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2025-01-01+7,672→ 31,727 total(indirect: By LLC) - Exercise/Conversion
Class A Common Stock
2025-01-01+5,498→ 37,225 total(indirect: By LLC) - Exercise/Conversion
Restricted Stock Units
2025-01-03−7,672→ 0 total→ Class A Common Stock (7,672 underlying) - Exercise/Conversion
Restricted Stock Units
2025-01-03−5,498→ 21,992 total→ Class A Common Stock (5,498 underlying) - Sale
Class A Common Stock
2025-01-03$24.60/sh−5,365$131,963→ 31,860 total(indirect: By LLC)
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 $24.24 to $25.23, 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]Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- [F5]On August 17, 2022, the Reporting Person was granted 92,000 restricted stock units that vest as follows: 1/3 of the restricted stock units vested on January 1, 2023, 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.
- [F6]On August 17, 2022, the Reporting Person was granted 87,970 restricted stock units that vest as follows: 1/4 of the restricted stock units vested on January 1, 2023, and 1/16 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 0001933434
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 5:20 PM ET
- Size
- 14.0 KB