0001837240-24-000155.txt : 20240725
0001837240-24-000155.hdr.sgml : 20240725
20240725170550
ACCESSION NUMBER: 0001837240-24-000155
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240723
FILED AS OF DATE: 20240725
DATE AS OF CHANGE: 20240725
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: 241142767
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
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0928
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_1721941544.xml
FORM 4
X0508
4
2024-07-23
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
2024-07-23
4
M
0
4413
A
79221
I
By Dunn Family Holding LLC
Class A Common Stock
2024-07-24
4
S
0
1895
36.56
D
77326
I
By Dunn Family Holding LLC
Restricted Stock Units
2024-07-23
4
M
0
4413
0
D
Class A Common Stock
4413
26478
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.
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 52,952 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.
Reporting Person's title is Senior Vice President, Sales, Marketing & Product Strategy.
/s/ Corey Dufresne, as Attorney-in-Fact for Michael D. Dunn
2024-07-25