Form 4: Charles Kane Reports Stock Transactions in Symbotic Inc.
SEC Form 4 Filing
Director Charles Kane reports the vesting of restricted stock units and acquisition of Class A Common Stock in Symbotic Inc.
Summary
- On March 1, 2024, Charles Kane, a director of Symbotic Inc., reported the vesting of 10,447 restricted stock units, which converted into Class A Common Stock on a one-for-one basis.
- Kane also acquired 4,060 restricted stock units that will vest on the earliest of March 1, 2025, the Issuer's 2025 Annual Meeting of Stockholders, or a change of control of the Issuer, subject to continued service.
- Following these transactions, Kane directly owns 75,447 shares of Class A Common Stock and 4,060 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It is a standard practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Reporting Person was granted 10,447 restricted stock units |
| 03/01/2024 | Vesting of 10,447 restricted stock units and acquisition of Class A Common Stock. |
| 03/01/2025 | Vesting date for 4,060 restricted stock units. |
| 03/05/2024 | Date of Form 4 signature. |
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