Symbotic (SYM) Chief Strategy Officer William Boyd Sells Shares

What Happened
William M. Boyd III, Symbotic’s Chief Strategy Officer, had 9,194 restricted stock units convert into Class A common stock on July 23, 2026 (no cash paid). He then sold all 9,194 shares in open-market transactions on July 27, 2026, generating aggregate proceeds of about $377,361 (5,700 shares reported at $40.79 for $232,499 and 3,494 shares at $41.46 for $144,862). These sales were executed pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction dates: RSU conversion (acquisition) on 2026-07-23; open-market sales on 2026-07-27.
• Reported sale prices/ranges: aggregated prices reported as $40.79 and $41.46; footnotes state the actual trades occurred across multiple prices ranging from $40.15–$41.14 and $41.21–$41.66. The filer will provide per-trade breakdown on request.
• Proceeds: approximately $377,361 total.
• Nature of derivative activity: RSUs converted to shares (one-for-one) per footnotes. These were not option exercises requiring cash — they were vesting/settlement events.
• 10b5-1 plan: sales were executed under a trading plan entered Aug 19, 2025 (per filing).
• Shares owned after transaction: not disclosed in the supplied filing details.
• Filing timing: Form 4 filed 2026-07-27 covering the July 23 and July 27 transactions; filing shows no late-filing flag.

Context

• The conversion of restricted stock units into shares is a vesting/settlement event (not a market purchase). The converted shares were sold shortly afterward under the pre-established 10b5-1 plan, which typically automates sales and helps avoid accusations of trading on nonpublic information.
• For retail investors: sales by executives can be routine (tax or liquidity needs) especially when tied to RSU vesting and pre-set 10b5-1 plans; they are not by themselves a clear signal of company prospects.