0001837240-24-000013.txt : 20240111 0001837240-24-000013.hdr.sgml : 20240111 20240111182608 ACCESSION NUMBER: 0001837240-24-000013 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240109 FILED AS OF DATE: 20240111 DATE AS OF CHANGE: 20240111 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Dunn Michael David CENTRAL INDEX KEY: 0001933434 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40175 FILM NUMBER: 24530213 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] 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_1705015560.xml FORM 4 X0508 4 2024-01-09 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 2024-01-09 4 M 0 3833 A 34658 D Class A Common Stock 2024-01-09 4 M 0 2749 A 37407 D Class A Common Stock 2024-01-09 4 M 0 99157 A 136564 D Class A Common Stock 2024-01-09 4 M 0 69100 A 205664 D Class A Common Stock 2024-01-09 4 S 0 50445 43.2919 D 155219 D Class A Common Stock 2024-01-09 4 S 0 18397 43.9975 D 136822 D Restricted Stock Units 2024-01-09 4 M 0 3833 0 D Class A Common Stock 3833 30670 D Restricted Stock Units 2024-01-09 4 M 0 2749 0 D Class A Common Stock 2749 43986 D Restricted Stock Units 2024-01-09 4 M 0 99157 0 D Class A Common Stock 99157 0 D Restricted Stock Units 2024-01-09 4 M 0 69100 0 D Class A Common Stock 69100 0 D Restricted stock units convert into Class A common stock on a one-for-one basis. This transaction represents 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 $42.80 to $43.79, 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. 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 $43.80 to $44.37, 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. 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 January 1, 2024 were delivered in two tranches: 3,833 shares were delivered on January 2, 2024 and 3,833 shares were delivered on January 9, 2024. 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 January 1, 2024 were delivered in two tranches: 2,749 shares were delivered on January 2, 2024 and 2,749 shares were delivered on January 9, 2024. On August 17, 2022, the Reporting Person was granted 396,625 restricted stock units that vest as follows: 1/2 of the restricted stock units vest on January 1, 2023, and the remaining 1/2 of the restricted stock units vest on January 1, 2024, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates. The restricted stock units that vested on January 1, 2024 were delivered in two tranches: 99,156 shares were delivered on January 2, 2024 and 99,157 shares were delivered on January 9, 2024. On August 17, 2022, the Reporting Person was granted an award of 414,599 restricted stock units, 2/3 of the restricted stock units vest on the date of grant and the remaining 1/3 of the restricted stock units vest on January 1, 2024, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates. The restricted stock units that vested on January 1, 2024 were delivered in two tranches: 69,099 shares were delivered on January 2, 2024 and 69,100 shares were delivered on January 9, 2024. Reporting Person's title is Senior Vice President, Sales, Marketing & Product Strategy. /s/ Corey Dufresne, as Attorney-in-Fact for Michael D. Dunn 2024-01-11