Kuffner James 4

What Happened
James Kuffner, Chief Technology Officer of Symbotic (SYM), settled vested restricted stock units and converted/treated derivatives on Jan 23, 2026 and sold shares on Jan 26, 2026. The filing reports:

• Conversion/exercise of 191,663 derivative/vested RSU shares on Jan 23, 2026 (related to previously granted RSUs).
• Open-market sales on Jan 26, 2026 of 76,273 shares at a reported average price of $59.76 (proceeds $4,557,853) and 1,048 shares at $60.29 (proceeds $63,186), total proceeds approximately $4,621,039.
• Additional RSU-related awards reported as acquired on Jan 23, 2026: 61,379 and 30,690 restricted stock units (each unit represents the right to one share).

Key Details

• Transaction dates/prices: conversion/exercise on 2026-01-23; sales on 2026-01-26. Reported sale prices grouped as $59.76 (76,273 sh) and $60.29 (1,048 sh). Footnotes say actual sale prices ranged $59.25–$60.35 across multiple trades.
• Proceeds: ~ $4.62 million from the open-market sales.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Notable footnotes: F1 explains RSUs represent a contingent right to one share. F2 states the sales were “sell-to-cover” transactions mandated to satisfy tax withholding (not discretionary trades by the reporting person). F3/F4 note aggregate reporting of same‑day sales across price ranges. F5–F7 describe the RSU grant and vesting schedules (1/3 vested on Jan 23, 2026 for the 575,048 grant, and other tranches vesting later).
• Filing timeliness: Form 4 filed Jan 27, 2026 for transactions dated Jan 23–26, 2026; the filing appears to be late relative to the transaction dates.

Context

• The activity represents settlement of vested RSUs and mandatory sell-to-cover tax withholding, not an obvious discretionary sale signal. The derivative conversion (M) reflects vesting/settlement of RSUs (cashless in effect due to tax withholding), followed by required sales to cover taxes.
• For retail investors: mandated sell-to-cover sales are common after RSU vesting and do not necessarily indicate the insider’s view on the company’s outlook.