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