Form 4 for SYM Symbotic Inc.
Accepted 2024-03-06 00:00:00 ET · period of report 2024-03-01 · accession 0001837240-24-000071 · 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 | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | M - OptEx | — | +10.4K | 10.4K | New | — |
| DMI | 2024-03-06 | 2024-03-05 | SYM | KRASNOW TODD | Dir | G - Gift | $0.00 | +180.0K | 30.0K | New | $0 |
| DM | 2024-03-06 | 2024-03-05 | SYM | KRASNOW TODD | Dir | G - Gift | $0.00 | -180.0K | 366.0K | -33% | $0 |
| D | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | S - Sale+OE | $39.39 | -2,000 | 10.4K | -16% | -$78.8K |
| DM | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | J - Other | — | 0 | 396.0K | New | — |
| DMI | 2024-03-06 | 2024-03-05 | SYM | KRASNOW TODD | Dir | G - Gift | — | +180.0K | 30.0K | New | — |
| DM | 2024-03-06 | 2024-03-05 | SYM | KRASNOW TODD | Dir | G - Gift | — | -180.0K | 216.0K | -45% | — |
| D | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | J - Other | — | -2,000 | 396.0K | -0.5% | — |
| D | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | M - OptEx | $0.00 | -10.4K | 0 | -100% | $0 |
| D | 2024-03-06 | 2024-03-01 | SYM | KRASNOW TODD | Dir | A - Grant | $0.00 | +4,060 | 4,060 | 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 A Common Stock | 2024-03-01 | M | A | 10,447 | — | 10,447 | D By Spouse | — | — | (F1) Restricted stock units convert into Class A common stock on a one-for-one basi (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. |
| 2 | Common | Class V-1 Common Stock | 2024-03-05 | G | A | 150,000 | $0.00 | 180,000 | I | — | — | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. |
| 3 | Common | Class V-1 Common Stock | 2024-03-05 | G | D | 150,000 | $0.00 | 216,036 | D | — | — | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. |
| 4 | Common | Class V-1 Common Stock | 2024-03-05 | G | A | 30,000 | $0.00 | 30,000 | I | — | — | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. |
| 5 | Common | Class V-1 Common Stock | 2024-03-05 | G | D | 30,000 | $0.00 | 366,036 | D | — | — | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. |
| 6 | Common | Class A Common Stock | 2024-03-01 | S | D | 2,000 | $39.39 | 10,447 | D | — | — | (F6) In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $39.24 to $39.65, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. |
| 7 | Common | Class A Common Stock | 2024-03-01 | J | A | 2,000 | — | 12,447 | D | — | — | (F4) On March 1, 2024, the Reporting Person sold 2,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on August 25, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective March 1, 2024, the Reporting Person redeemed 2,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 2,000 shares of Class V-1 Common Stock. (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. |
| 8 | Common | Class V-1 Common Stock | 2024-03-01 | J | D | 2,000 | — | 396,036 | D By Spouse | — | — | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F4) On March 1, 2024, the Reporting Person sold 2,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on August 25, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective March 1, 2024, the Reporting Person redeemed 2,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 2,000 shares of Class V-1 Common Stock. (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. |
| 9 | Derivative | Symbotic Holdings Units | 2024-03-05 | G | A | 150,000 | — | 180,000 | I | — · — to — | 150,000 Class A Common Stock | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. |
| 10 | Derivative | Symbotic Holdings Units | 2024-03-05 | G | A | 30,000 | — | 30,000 | I | — · — to — | 30,000 Class A Common Stock | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. |
| 11 | Derivative | Symbotic Holdings Units | 2024-03-05 | G | D | 30,000 | — | 366,036 | D | — · — to — | 30,000 Class A Common Stock | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. |
| 12 | Derivative | Symbotic Holdings Units | 2024-03-01 | J | D | 2,000 | — | 396,036 | D | — · — to — | 2,000 Class A Common Stock | (F4) On March 1, 2024, the Reporting Person sold 2,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on August 25, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective March 1, 2024, the Reporting Person redeemed 2,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 2,000 shares of Class V-1 Common Stock. (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. |
| 13 | Derivative | Symbotic Holdings Units | 2024-03-05 | G | D | 150,000 | — | 216,036 | D | — · — to — | 150,000 Class A Common Stock | (F2) 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 1 vote per share. (F3) The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("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 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. 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. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. |
| 14 | Derivative | Restricted Stock Units | 2024-03-01 | M | D | 10,447 | $0.00 | 0 | D By Spouse | — · — to — | 10,447 Class A Common Stock | (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. (F11) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. (F12) On March 1, 2023, the Reporting Person was granted 10,447 restricted stock units that vest in full upon the earliest of: (1) March 1, 2024, (2) the Issuer's 2024 Annual Meeting of Stockholders or (3) a change of control of the Issuer, subject to the Reporting Person's continued service with the Issuer on the vesting date. |
| 15 | Derivative | Restricted Stock Units | 2024-03-01 | A | A | 4,060 | $0.00 | 4,060 | D By Spouse | — · — to — | 4,060 Class A Common Stock | (F8) On March 5, 2024, the Reporting Person transferred 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to his spouse. The Reporting Person disclaims beneficial ownership of the securities held by his spouse, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of his spouse's securities for purposes of Section 16 or for any other purpose. (F9) On March 5, 2024, the Reporting Person transferred 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person does not have voting or investment control over the securities held by the trust and disclaims beneficial ownership of of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owners of the securities held by the trust for purposes of Section 16 or for any other purpose. (F11) Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. (F13) The restricted stock units vest in full upon the earliest of: (1) March 1, 2025, (2) the Issuer's 2025 Annual Meeting of Stockholders or (3) a change of control of the Issuer, subject to the Reporting Person's continued service with the Issuer on the vesting date. |