Form 4 for SYM Symbotic Inc.
Accepted 2023-12-14 00:00:00 ET · period of report 2023-12-12 · accession 0001062993-23-022577 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-14 | 2023-12-12 | SYM | Walmart Inc. | 10% | X - OptEx | $10.00 | +15.87M | 61.35M | +35% | +$158.70M |
| DM | 2023-12-14 | 2023-12-12 | SYM | Walmart Inc. | 10% | X - OptEx | $0.00 | 0 | 61.35M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class V-1 Common Stock | 2023-12-12 | X | A | 15,870,411 | $10.00 | 61,350,823 | D | — | — | |
| 2 | Derivative | Warrant in Symbotic Holdings LLC | 2023-12-12 | X | D | 15,870,411 | $0.00 | 0 | D | $10.00 · — to 2027-06-07 | 15,870,411 Common Units in Symbotic Holdings LLC | (F4) The warrant vested at the time that the Installment Commencement Date of the Project for which the applicable Project SOW resulted in at least 10 Modules installed under the Second Amended and Restated Master Automation Agreement, dated as of May 20, 2022, by and among Symbotic Holdings, the reporting person and Symbotic LLC (the "MAA") (as each term is defined in the MAA). The warrant was scheduled to expire on the five-year anniversary of the issue date. |
| 3 | Derivative | Common Units in Symbotic Holdings LLC | 2023-12-12 | X | A | 15,870,411 | — | 61,350,823 | D | — · — to — | 15,870,411 Class A Common Stock | (F3) [Continuation] Upon redemption, the Issuer will cancel the Symbotic Holdings Units and cancel and retire for no consideration the redeemed shares of Class V-1 Common Stock. Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to one vote per share. (F2) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are together redeemable by the holder on a one-for-one basis for a share of Class A Common Stock of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. [Cont.] |