0001837240-24-000007.txt : 20240104
0001837240-24-000007.hdr.sgml : 20240104
20240104184043
ACCESSION NUMBER: 0001837240-24-000007
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240102
FILED AS OF DATE: 20240104
DATE AS OF CHANGE: 20240104
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KRASNOW TODD
CENTRAL INDEX KEY: 0001526378
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40175
FILM NUMBER: 24513814
MAIL ADDRESS:
STREET 1: C/O CARBONITE, INC.
STREET 2: 177 HUNTINGTON AVENUE
CITY: BOSTON
STATE: MA
ZIP: 02115
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Symbotic Inc.
CENTRAL INDEX KEY: 0001837240
STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569]
ORGANIZATION NAME: 06 Technology
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_1704411633.xml
FORM 4
X0508
4
2024-01-02
0
0001837240
Symbotic Inc.
SYM
0001526378
KRASNOW TODD
C/O SYMBOTIC INC., 200 RESEARCH DRIVE
WILMINGTON
MA
01887
1
0
0
0
1
Class V-1 Common Stock
2024-01-02
4
J
0
2000
D
400036
D
Class A Common Stock
2024-01-02
4
J
0
2000
A
2000
D
Class A Common Stock
2024-01-02
4
S
0
2000
50.4948
D
0
D
Class V-1 Common Stock
727572
I
By Inlet View, Inc.
Class A Common Stock
50000
I
By Trust
Symbotic Holdings Units
2024-01-02
4
J
0
2000
D
Class A Common Stock
2000
400036
D
Symbotic Holdings Units
Class A Common Stock
727572
727572
I
By Inlet View, Inc.
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.
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.
On January 2, 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 January 2, 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.
This transaction was executed 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.
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 $50.19 to $50.79, 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.
Todd Krasnow may be considered the beneficial owner of securities held by Inlet View, Inc., of which Mr. Krasnow is the President and CEO. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Todd Krasnow may be considered the beneficial owner of 25,000 shares of Class A Common Stock held by the Krasnow Family 2019 Charitable Remainder Trust and 25,000 shares of Class A Common Stock held by the Todd and Deborah Krasnow CRUT, both of which are trusts for which Mr. Krasnow is trustee and to which Mr. Krasnow is a beneficiary. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
/s/ Corey Dufresne, Attorney-in-Fact for Todd Krasnow
2024-01-04