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

Director Todd Krasnow sold 2,000 shares of Symbotic Inc. Class A Common Stock and redeemed 2,000 Symbotic Holdings Units under a pre-arranged trading plan.

Summary

• On July 2, 2024, Todd Krasnow, a director of Symbotic Inc., executed a sale of 2,000 shares of Class A Common Stock at a price of $35.4856 per share.
• The 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.
• Simultaneously, Krasnow redeemed 2,000 Symbotic Holdings Units for an equal number of Class A Common Stock shares.
• The redemption resulted in the cancellation of the Symbotic Holdings Units and the retirement of 2,000 shares of Class V-1 Common Stock.
• Following the reported transactions, Krasnow directly owns 10,447 shares of Class A Common Stock and 214,036 shares of Class V-1 Common Stock.
• Krasnow also indirectly owns securities through Inlet View, Inc., a trust, and his spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company buy or sell the company's securities. This filing indicates transactions by a director of Symbotic Inc.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the director reducing their holdings.
• The transactions are in compliance with SEC regulations, ensuring transparency for stakeholders.

Key Dates