Form 4: Symbotic Inc. Director Todd Krasnow Executes Stock Sale and Unit Redemption

Director Todd Krasnow sold 2,000 shares of Symbotic Inc. Class A Common Stock and redeemed 2,000 Symbotic Holdings Units on November 4, 2024, according to a recent SEC filing.

Summary

• On November 4, 2024, Todd Krasnow, a director of Symbotic Inc., executed a sale of 2,000 shares of Class A Common Stock at a price of $28.1536 per share.
• The sale was conducted under a pre-arranged trading plan established on February 26, 2024, in accordance with Rule 10b5-1.
• Simultaneously, Krasnow redeemed 2,000 Symbotic Holdings Units for an equal number of Class A Common Stock shares.
• Following these transactions, Krasnow directly owns 10,447 shares of Class A Common Stock and indirectly owns a significant number of shares through Inlet View, Inc., a trust, and his spouse.
• The filing also details Krasnow's indirect ownership through Inlet View, Inc. (698,572 Class V-1 Common Stock and 2,000 Class A Common Stock), a trust (50,000 Class A Common Stock), and his spouse (180,000 Class V-1 Common Stock).

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume of shares sold.

Key Dates