Form 4: Symbotic Inc. Director Krasnow Executes Stock Sale and Unit Redemption Under 10b5-1 Plan

Symbotic Inc. director Todd Krasnow sold 2,000 shares of Class A Common Stock and redeemed 2,000 Symbotic Holdings Units on January 2, 2025, as part of a pre-arranged trading plan.

Summary

• On January 2, 2025, Todd Krasnow, a director at Symbotic Inc., executed a sale of 2,000 shares of Class A Common Stock at a price of $24.0419 per share.
• This sale was conducted under a pre-arranged trading plan established on February 26, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Concurrently, Krasnow redeemed 2,000 Symbotic Holdings Units for an equal number of Class A Common Stock shares.
• The Symbotic Holdings Units were canceled, and the corresponding 2,000 shares of Class V-1 Common Stock were retired for no consideration.
• Krasnow also holds a significant number of shares indirectly through Inlet View, Inc., trusts, and his spouse, though he disclaims beneficial ownership except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions, which is neither positive nor negative in itself. The transactions were pre-planned and expected.

Industry Context

This filing is a routine disclosure of insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with SEC requirements.
• The use of a 10b5-1 trading plan is a common method for insiders to sell shares while avoiding accusations of trading on non-public information.
• The transactions are similar to those of other directors and officers of publicly traded companies who use similar plans to manage their personal finances.

Stakeholder Impact

• The stock sale and unit redemption are unlikely to have a significant impact on stakeholders as they were part of a pre-arranged plan.

Key Dates

Keywords

Symbotic Inc., Todd Krasnow, Form 4, insider trading, stock sale, Rule 10b5-1, Symbotic Holdings Units, Class A Common Stock, Class V-1 Common Stock, beneficial ownership