Branderiz Eric 4

What Happened

• Eric Branderiz, a director of Symbotic (SYM), had 5,966 restricted stock units (RSUs) convert/vest into 5,966 shares on May 14, 2026 (reported as an exercise/conversion of a derivative, code M). The filing shows those 5,966 shares were simultaneously disposed at $0.00 (no cash proceeds reported).

Key Details

• Transaction date: May 14, 2026 (Form filed May 19, 2026 — appears to be filed late relative to the typical 2-business-day Form 4 deadline).
• Acquired: 5,966 shares via conversion/exercise of derivative (acquisition price listed as N/A).
• Disposed: 5,966 shares @ $0.00 (derivative) — indicates shares were transferred/withheld without cash proceeds.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — the filing notes a 17,902-RSU grant with a three-year vesting schedule (1/3 vesting on May 14 of 2025, 2026 and 2027, subject to continued service).

Context

• This is a conversion/vesting of RSUs rather than an open-market buy or sale. Reporting that shares were disposed at $0.00 commonly reflects net settlement or withholding actions (e.g., shares used to satisfy tax withholding) rather than a market sale, and therefore does not necessarily signal a personal sale for cash. The filing was submitted several days after the transaction date.