0001837240-24-000022.txt : 20240125
0001837240-24-000022.hdr.sgml : 20240125
20240125205237
ACCESSION NUMBER: 0001837240-24-000022
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240123
FILED AS OF DATE: 20240125
DATE AS OF CHANGE: 20240125
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Boyd William M III
CENTRAL INDEX KEY: 0001932973
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40175
FILM NUMBER: 24563860
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_1706233946.xml
FORM 4
X0508
4
2024-01-23
0
0001837240
Symbotic Inc.
SYM
0001932973
Boyd William M III
C/O SYMBOTIC INC., 200 RESEARCH DRIVE
WILMINGTON
MA
01887
0
1
0
0
Chief Strategy Officer
0
Class A Common Stock
2024-01-23
4
M
0
35297
A
36490
D
Class A Common Stock
2024-01-24
4
S
0
12010
41.496
D
24480
D
Class A Common Stock
2024-01-24
4
S
0
1063
42.2955
D
23417
D
Class A Common Stock
2024-01-25
4
S
0
405
40.7675
D
23012
D
Restricted Stock Units
2024-01-23
4
M
0
35297
0
D
Class A Common Stock
35297
70607
D
Restricted Stock Units
2024-01-23
4
A
0
34908
0
A
Class A Common Stock
34908
34908
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 $40.98 to $41.965, 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 $41.98 to $42.73, 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 $40.35 to $41.16, 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 January 23, 2023, the Reporting Person was granted 105,904 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 23, 2024, 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 vest as follows: 1/3 of the restricted stock units vest on January 23, 2025, 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.
/s/ Corey Dufresne, Attorney-in-Fact for William M. Boyd, III
2024-01-25