Form 4: Symbotic Director Gifts Shares to Charitable Foundation
Insider Transaction Report
Symbotic Director Todd Krasnow transferred 2,000 shares of Class V-1 Common Stock and Symbotic Holdings Units to a charitable foundation, retaining voting and investment power.
Summary
- Todd Krasnow, a Director and 10% Owner of Symbotic Inc. (SYM), reported a transaction on August 11, 2025.
- The transaction involved the transfer of 2,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 Common Stock.
- The securities were transferred as a gift to the Todd and Deborah Krasnow Foundation, a charitable foundation.
- Mr. Krasnow retains voting and investment power over all securities owned by the foundation.
- Following the transaction, Mr. Krasnow directly beneficially owns 187,036 Class V-1 Common Stock and Symbotic Holdings Units.
- Indirect beneficial ownership includes 180,000 units held by his spouse (with disclaimers) and 629,079 units held by Inlet View, Inc. (with disclaimers).
Sentiment
Score: 6
Explanation: The filing reports a charitable transfer of shares by a director, which is a neutral event for the company's operations but reflects philanthropic activity by an insider, with the director retaining control over the gifted shares.
Positives
- The transaction represents a charitable contribution by a company director.
- The reporting person retains voting and investment power over the gifted securities, maintaining influence over the shares.
Negatives
- The transaction involves a disposition of shares from the director's direct holdings, though for a charitable purpose.
Future Outlook
The filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This filing is a standard insider transaction report and does not provide information related to broader industry trends or competitive landscape.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Clarification of Share Structure | The filing clarifies that Class V-1 Common Stock has no economic rights but entitles its holder to one vote per share, and that Symbotic Holdings Units, paired with Class V-1 Common Stock, are redeemable one-for-one for Class A Common Stock. | N/A | Provides transparency on the company's dual-class share structure and the convertibility of Symbotic Holdings Units, which is fundamental to understanding voting power and economic interest. |
| Beneficial Ownership Disclosure | Details the beneficial ownership of Director Todd Krasnow, including direct holdings, indirect holdings through his spouse (with disclaimers of beneficial ownership except for pecuniary interest), and indirect holdings through Inlet View, Inc. (with disclaimers of beneficial ownership except for pecuniary interest). | N/A | Enhances transparency regarding the control and economic interests of a significant insider, clarifying the extent of their influence over company shares. |
| Control over Gifted Securities | The reporting person transferred shares to a charitable foundation but explicitly stated retention of voting and investment power over these securities. | 08/11/2025 | Indicates that despite the transfer, the director maintains control over the voting rights and investment decisions for the gifted shares, which is relevant for corporate governance and shareholder influence. |
Related Party Transactions
- Transfer of 2,000 Symbotic Holdings Units and paired Class V-1 common stock to the Todd and Deborah Krasnow Foundation, a charitable entity where the Reporting Person is a trustee and retains voting and investment power.
- Disclosure of 180,000 Symbotic Holdings Units and paired Class V-1 common stock held indirectly by the Reporting Person's spouse, including 150,000 units held by the Todd J. Krasnow 2024 Irrevocable Trust where the spouse acts as trustee.
- Disclosure of 629,079 Symbotic Holdings Units and paired Class V-1 common stock held indirectly by Inlet View, Inc., an entity of which Mr. Krasnow is the President and CEO.
Stakeholder Impact
- Shareholders: Minimal direct impact on share price or company operations from this specific insider transaction.
- Charitable Organizations: The Todd and Deborah Krasnow Foundation benefits from the receipt of the gifted securities.
Key Dates
| Date | Description |
|---|---|
| 08/11/2025 | Date of the reported transaction (transfer of securities). |
| 08/13/2025 | Date the Statement of Changes in Beneficial Ownership was signed. |
Keywords
Symbotic, SYM, Todd Krasnow, Form 4, Insider Transaction, Charitable Gift, Director, Beneficial Ownership, Class V-1 Common Stock, Symbotic Holdings Units
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