Form 4: Symbotic Inc. Director Rollin L. Ford Reports Stock Transactions
SEC Form 4 Filing
Director Rollin L. Ford reports acquisition of shares through restricted stock unit conversion and indirect ownership details.
Summary
- Rollin L. Ford, a director of Symbotic Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, Ford acquired 4,060 shares of Class A Common Stock through the conversion of restricted stock units.
- Following the transaction, Ford directly owns 14,507 shares of Class A Common Stock.
- Ford also has indirect ownership of 8,000 shares through the Rollin L Ford Trust and 30,000 shares held by his spouse through the RLF 2020 Gift Trust.
- The restricted stock units converted into Class A common stock on a one-for-one basis.
- The reported transaction was signed by Corey Dufresne, Attorney-in-Fact, on March 4, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not contain any information that would significantly impact sentiment positively or negatively.
Positives
- The vesting of restricted stock units indicates that performance milestones or time-based service requirements have been met.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction (acquisition of shares through restricted stock unit conversion) |
| 03/01/2025 | Restricted stock units vest in full |
| 03/04/2025 | Date of signature by Attorney-in-Fact |
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