Boyd William M III 4

What Happened

• Boyd William M III, Chief Strategy Officer at Symbotic (SYM), had 9,194 restricted stock units convert into Class A shares on April 23, 2026 (two conversions of 2,909 and 6,285 RSUs). He sold those 9,194 shares in open-market transactions reported April 27, 2026, for aggregate proceeds of approximately $540,123. The sales were executed in multiple trades at prices around $58–$60 per share.

Key Details

• Transaction dates: RSU conversion/exercise on 2026-04-23; open-market sales on 2026-04-27.
• Reported sale breakdown:
  • 4,080 shares at $58.10 — $237,039
  • 2,470 shares at $58.71 — $145,004
  • 2,644 shares at $59.79 — $158,080
  • Total sold: 9,194 shares for ~$540,123.
• Footnotes of note:
  • F1/F7: The transactions involved restricted stock units converting one-for-one into Class A common stock.
  • F3: At least one sale was executed pursuant to a prearranged Rule 10b5-1 trading plan (entered Aug 19, 2025).
  • F4–F6: Sales were reported in aggregate and occurred across multiple trades with prices in the roughly $57.36–$60.10 range; the filer can provide a per-trade breakdown on request.
  • F8/F9: The filing references prior restricted stock unit grants (Jan 23, 2024 and Jan 23, 2025) that explain the source of the vested RSUs.
  • F2: The filer also acquired 548 shares via the company ESPP earlier in 2026 (exempt transactions).
• Shares owned after the transactions: not specified in this Form 4 filing.
• Filing date: Report filed April 27, 2026 (covers conversion on April 23 and sales on April 27).

Context

• These transactions reflect RSU vesting/conversion followed by open-market sales. The presence of a Rule 10b5-1 plan indicates the sales were preplanned rather than ad hoc. Conversions of RSUs (not option exercises requiring cash) simply deliver shares; when those shares are sold soon after, it is typically to monetize vested equity or satisfy tax/financial planning needs.