0001837240-23-000162.txt : 20231004
0001837240-23-000162.hdr.sgml : 20231004
20231004205132
ACCESSION NUMBER: 0001837240-23-000162
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231002
FILED AS OF DATE: 20231004
DATE AS OF CHANGE: 20231004
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Dunn Michael David
CENTRAL INDEX KEY: 0001933434
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40175
FILM NUMBER: 231309613
MAIL ADDRESS:
STREET 1: C/O SYMBOTIC INC., 200 RESEARCH DRIVE
CITY: WILMINGTON
STATE: MA
ZIP: 01887
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Symbotic Inc.
CENTRAL INDEX KEY: 0001837240
STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
IRS NUMBER: 981572401
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 200 RESEARCH DRIVE
CITY: WILMINGTON
STATE: MA
ZIP: 01887
BUSINESS PHONE: 978-284-2800
MAIL ADDRESS:
STREET 1: 200 RESEARCH DRIVE
CITY: WILMINGTON
STATE: MA
ZIP: 01887
FORMER COMPANY:
FORMER CONFORMED NAME: SVF Investment Corp. 3
DATE OF NAME CHANGE: 20210128
FORMER COMPANY:
FORMER CONFORMED NAME: SVF Investment III Corp.
DATE OF NAME CHANGE: 20201218
4
1
wk-form4_1696467080.xml
FORM 4
X0508
4
2023-10-02
0
0001837240
Symbotic Inc.
SYM
0001933434
Dunn Michael David
C/O SYMBOTIC INC., 200 RESEARCH DRIVE
WILMINGTON
MA
01887
0
1
0
0
See Remarks
0
Class A Common Stock
2023-10-02
4
M
0
7666
A
96174
D
Class A Common Stock
2023-10-02
4
M
0
5498
A
101672
D
Class A Common Stock
2023-10-03
4
S
0
5558
31.2114
D
96114
D
Restricted Stock Units
2023-10-02
4
M
0
7666
0
D
Class A Common Stock
7666
38336
D
Restricted Stock Units
2023-10-02
4
M
0
5498
0
D
Class A Common Stock
5498
49484
D
Restricted stock units convert into Class A common stock on a one-for-one basis.
The sales reported in this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction, and do not represent discretionary trades by the Reporting Person.
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 $31.21 to $31.30, 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 withing the range set forth in this footnote.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
On August 17, 2022, the reporting person was granted 92,000 restricted stock units that vest as follows: 1/3 of the restricted stock units vested on January 1, 2023, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates. The restricted stock units that vested on October 1, 2023 were delivered on October 2, 2023.
On August 17, 2022, the reporting person was granted 87,970 restricted stock units that vest as follows: 1/4 of the restricted stock units vested on January 1, 2023, and 1/16 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates. The restricted stock units that vested on October 1, 2023 were delivered on April 3, 2023.
Reporting Person's title is Senior Vice President, Sales, Marketing & Product Strategy.
/s/ Corey Dufresne, as Attorney-in-Fact for Michael D. Dunn
2023-10-04