Form 4: Symbotic Inc. Director Rollin L. Ford Reports Changes in Beneficial Ownership

Director Rollin L. Ford reports transactions involving Symbotic Inc. Class A and Class V-1 Common Stock, including acquisitions, disposals, and conversions related to Symbotic Holdings Units.

Summary

• On June 7, 2024, Rollin L. Ford, a director of Symbotic Inc., reported transactions involving Class A and Class V-1 Common Stock.
• These transactions included the sale of 49,998 shares of Class A Common Stock at a price of $37.2899.
• Additionally, there were acquisitions and redemptions of Symbotic Holdings Units, each convertible into one share of Class A Common Stock.
• The transactions were related to sales and redemptions by the Audrey Exempt Trust, the Jessica Exempt Trust, and the Paige Exempt Trust.
• Ford disclaims beneficial ownership of shares and units held by these trusts, except to the extent of any indirect pecuniary interest.
• Ford also disclaims beneficial ownership of shares held by the RLF 2020 Gift Trust, except to the extent of any indirect pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting transactions by a company insider; it doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions may provide shareholders with insights into the actions of a company director.
• The transactions have no immediate impact on employees, customers, suppliers, or creditors.

Key Dates