Form 4: Symbotic Director David Ladensohn Reports Significant Trust Distributions of Class V Shares and Holdings Units

Symbotic Inc. Director and 10% Owner David A. Ladensohn filed a Form 4 detailing the distribution of millions of Class V shares and Symbotic Holdings Units from trusts where he serves as trustee to beneficiaries.

Summary

• David A. Ladensohn, a Director and 10% Owner of Symbotic Inc. (SYM), filed a Form 4 reporting changes in his indirect beneficial ownership.
• On August 7, 2024, The 2014 QSST F/B/O Perry Cohen trust, where Mr. Ladensohn is a trustee, distributed 7,762 shares of Class V-3 common stock and an equal number of paired Symbotic Holdings Units to its beneficiary.
• Also on August 7, 2024, The 2014 QSST F/B/O Rachel Cohen Kanter trust, where Mr. Ladensohn is a trustee, distributed 1,000,000 shares of Class V-3 common stock and an equal number of paired Symbotic Holdings Units to its beneficiary.
• Future distributions are scheduled for June 12, 2025: The 2014 QSST F/B/O Perry Cohen trust will distribute 71,500 shares of Class V-1 common stock and paired Symbotic Holdings Units, and The 2014 QSST F/B/O Rachel Cohen Kanter trust will distribute 71,500 shares of Class V-1 common stock and paired Symbotic Holdings Units.
• All reported dispositions were at a price of $0, indicating non-market transactions such as trust distributions.
• Mr. Ladensohn disclaims beneficial ownership of the distributed securities and other securities held by the trusts where he serves as trustee or co-trustee (The 2014 QSST F/B/O Perry Cohen, The 2014 QSST F/B/O Rachel Cohen Kanter, The Jill Cohen Mill Trust, and The RBC Millennium Trust).
• Symbotic Holdings Units are redeemable on a one-for-one basis for Class A Common Stock of Symbotic Inc.

Sentiment

Score: 5

Explanation: The document is a factual report of changes in beneficial ownership due to trust distributions, which are non-market transactions. It does not contain information that would typically indicate positive or negative sentiment regarding the company's performance or outlook.

Risks

• The filing includes a disclaimer that Mr. Ladensohn disclaims beneficial ownership of the securities held by the trusts and those distributed, stating that the filing should not be deemed an admission of beneficial ownership for Section 16 purposes or any other purpose. This highlights the complex nature of beneficial ownership reporting for trustees.

Future Outlook

NA

Industry Context

This Form 4 filing is a standard regulatory disclosure of changes in beneficial ownership by an insider (Director and 10% Owner) and does not provide broader industry context or trends. It specifically details internal trust distributions rather than market-driven transactions.

Related Party Transactions

• The reported transactions involve distributions from trusts where David A. Ladensohn serves as a trustee or co-trustee to beneficiaries, which are considered related party dealings in the context of beneficial ownership reporting.

Stakeholder Impact

• Shareholders: The filing indicates a shift in indirect beneficial ownership of a significant number of shares from trusts to their beneficiaries. While not open market sales, these distributions could eventually lead to more shares becoming available in the market if beneficiaries choose to sell.
• Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders is indicated by this filing.

Next Steps

• Further distributions of 71,500 Class V-1 common stock shares and paired Symbotic Holdings Units from each of two trusts are scheduled for June 12, 2025.

Key Dates

Keywords

SEC Form 4, Symbotic Inc., SYM, David A. Ladensohn, Beneficial Ownership, Trust Distribution, Class V Common Stock, Symbotic Holdings Units, Insider Transaction, Corporate Governance