Form 4: Symbotic Inc. Director David Ladensohn Reports Transactions Involving Class A Common Stock and Holdings Units

David Ladensohn, a director at Symbotic Inc., reported multiple transactions involving Class A Common Stock and Symbotic Holdings Units, including acquisitions, disposals, and distributions, across several trusts and investment vehicles.

Summary

• David Ladensohn, a director of Symbotic Inc., filed a Form 4 detailing changes in beneficial ownership of the company's securities.
• On May 9, 2024, 1,000,000 shares of Class V-3 common stock and an equal number of Symbotic Holdings Units were distributed from the 2014 QSST F/B/O Rachel Cohen Kanter trust to the beneficiary.
• On May 22, 2024, The Jill Cohen Mill Trust sold 25,000 shares of Class A Common Stock at a price of $43.2621.
• This sale was connected to the redemption of 25,000 Symbotic Holdings Units in exchange for Class A Common Stock.
• On May 24, 2024, The 2014 QSST F/B/O Rachel Cohen Kanter sold 48,699 shares of Class A Common Stock at prices ranging from $40.64 to $41.63 and 1,301 shares of Class A Common Stock at prices ranging from $41.64 to $42.05.
• This sale was connected to the redemption of 50,000 Symbotic Holdings Units in exchange for Class A Common Stock.
• Ladensohn disclaims beneficial ownership of securities held by various trusts, including the 2014 QSST F/B/O Rachel Cohen Kanter, the Jill Cohen Mill Trust, and The RBC Millennium Trust, despite his role as trustee or co-trustee.
• Ladensohn also reports indirect beneficial ownership through Ladensohn Family Investments, Ltd., his spouse, and his Roth IRA.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, which is a normal part of the market. The transactions themselves don't necessarily indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates