Form 4: Symbotic Inc. Director David Ladensohn Reports Stock Sale and Redemption by RBC Millennium Trust

David Ladensohn, a director at Symbotic Inc., reports a stock sale and redemption by The RBC Millennium Trust, along with other transactions involving Class A, V-1, and V-3 common stock.

Summary

• On February 26, 2024, The RBC Millennium Trust sold 2,085,296 shares of Class A Common Stock for $82,765,398.
• In anticipation of the sale, the Trust redeemed 2,085,296 Symbotic Holdings Units for an equal number of Class A Common Stock shares.
• Symbotic Holdings LLC cancelled the Symbotic Holdings Units, and the Issuer cancelled and retired the redeemed 2,085,296 shares of Class V-3 Common Stock.
• David A. Ladensohn may be considered the beneficial owner of 151,561,831 shares of Class V-3 Common Stock held by The RBC Millennium Trust, where he is a co-trustee, but he disclaims beneficial ownership.
• Other transactions include a gift of 5,100 shares of Class A Common Stock to the Eliza H. Ladensohn Living Trust and transfers related to the dissolution of the Eliza Ladensohn New Hampshire Trust.
• Ladensohn also disclaims beneficial ownership of shares held by his Roth IRA, Ladensohn Family Investments, Ltd., and trusts for the benefit of Jill Cohen Mill, Rachel Cohen Kanter, and Perry Cohen, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions, providing transparency to the market regarding the trading activities of company directors and related entities.

Stakeholder Impact

• The stock sale by The RBC Millennium Trust could potentially impact shareholders by increasing the supply of shares available in the market.
• The transactions involving trusts and related parties may be of interest to stakeholders seeking to understand the ownership structure and potential influence within the company.

Key Dates