Form 4: Janet L. Cohen, Director at Symbotic Inc., Reports Transaction Involving Class A Common Stock and Symbotic Holdings Units

Director Janet L. Cohen reports the sale and redemption of 25,000 shares of Class A Common Stock and Symbotic Holdings Units, respectively, through the Jill Cohen Mill Trust.

Summary

• On May 22, 2024, Janet L. Cohen, a director at Symbotic Inc., reported a transaction involving Class A Common Stock and Symbotic Holdings Units.
• The Jill Cohen Mill Trust, for which Ms. Cohen is a co-trustee, sold 25,000 shares of Class A Common Stock at a price of $43.2621 per share.
• In connection with the sale, the Jill Cohen Mill Trust redeemed 25,000 Symbotic Holdings Units for an equal number of Class A Common Stock shares.
• Symbotic Holdings canceled the redeemed units, and the issuer canceled and retired the corresponding shares of Class V-1 Common Stock.
• Following the reported transactions, Ms. Cohen indirectly beneficially owns 520,835 shares of Class V-1 Common Stock through the Jill Cohen Mill Trust, and 4,508,395 shares through her spouse.
• Ms. Cohen also indirectly beneficially owns 14,378,979 Symbotic Holdings Units through the Jill Cohen Mill Trust, 151,561,831 units through the RBC Millennium Trust, and 211,844,202 units through her spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.

Key Dates