SCHEDULE: Symbotic Founder's Holdings Update & New Credit Line

Richard B. Cohen and affiliated entities updated their beneficial ownership in Symbotic Inc. and disclosed a new line of credit for RJJRP Holdings, Inc.

Summary

• Richard B. Cohen and affiliated entities (RJJRP Holdings, Inc. and Richard B. Cohen Revocable Trust) collectively beneficially own 45,446,723 shares of Symbotic Inc.
• This represents 29.0% of Class A Common Stock, assuming conversion of all Class V-1 and Class V-3 shares held by the Reporting Persons.
• On a fully diluted basis, considering all outstanding common stock, the Reporting Persons collectively own 7.7% of Symbotic Inc.
• RJJRP Holdings, Inc. entered into a Line of Credit Note with JPMorgan Chase Bank N.A. on September 19, 2025.
• The credit agreement restricts RJJRP Holdings, Inc. from creating security interests or liens on its Class A Common Stock without the Bank's consent.
• Any proceeds from permitted conversions or sales of shares must be deposited into an account with JPMorgan Chase Bank N.A.

Sentiment

Score: 5

Explanation: The filing is a routine update on beneficial ownership and a financing arrangement for a related party. It contains no direct positive or negative news for Symbotic Inc.'s operations or financial performance, maintaining a neutral sentiment.

Positives

• The disclosure of a new line of credit for RJJRP Holdings, Inc. indicates access to financing for the entity controlled by Symbotic's Chairman and CEO, Richard B. Cohen.

Negatives

• The Line of Credit Note imposes restrictions on RJJRP Holdings, Inc.'s ability to pledge, convert, or transfer its Symbotic Class A Common Stock without the bank's consent, which could limit flexibility for this significant shareholder.

Risks

• Restrictions on RJJRP Holdings, Inc.'s Class A Common Stock, including prohibitions on creating security interests or liens and requirements to deposit proceeds from sales or conversions, could impact the liquidity or strategic flexibility of these significant holdings.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding Symbotic Inc.'s operational or financial performance, focusing instead on beneficial ownership and a financing arrangement for an affiliated entity.

Industry Context

This filing is a routine disclosure of beneficial ownership changes and a financing arrangement for a major shareholder, Richard B. Cohen, who is also Symbotic's CEO. It does not directly reflect on Symbotic's competitive position or broader industry trends in warehouse automation, but rather on the financial activities of a key insider.

Related Party Transactions

• Richard B. Cohen, Chairman, President, and CEO of Symbotic Inc., is also the President and Chief Executive Officer of RJJRP Holdings, Inc. and the sole trustee of the Richard B. Cohen Revocable Trust.
• RJJRP Holdings, Inc. entered into a Line of Credit Note with JPMorgan Chase Bank N.A., which involves restrictions on Symbotic Inc. Class A Common Stock beneficially owned by Richard B. Cohen through RJJRP Holdings, Inc.

Stakeholder Impact

• Shareholders: Provides updated transparency on the beneficial ownership structure of a significant insider and the financing arrangements of an affiliated entity, which could indirectly affect perceptions of insider liquidity or control.

Key Dates

Recommendation

This Schedule 13D/A filing primarily updates beneficial ownership percentages for Richard B. Cohen and his affiliated entities and discloses a new line of credit for RJJRP Holdings, Inc. While it provides transparency on insider holdings and financing activities, it does not contain new information regarding Symbotic Inc.'s operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The restrictions on stock conversion/transfer for RJJRP Holdings are a detail for that entity, not a direct impact on Symbotic's intrinsic value. Therefore, a 'hold' recommendation remains appropriate as the filing does not present new catalysts for significant price movement.

Keywords

Symbotic Inc., Richard B. Cohen, Schedule 13D, Beneficial Ownership, Class A Common Stock, RJJRP Holdings, Corporate Governance, SEC Filing, Line of Credit, Shareholder Disclosure