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 Class A Common Stock and redeemed 2,000 Symbotic Holdings Units under a pre-arranged trading plan.

Summary

• On April 5, 2024, Todd Krasnow, a director of Symbotic Inc., executed a sale of 2,000 shares of Class A Common Stock at a price of $42.2032 per share.
• The sale was conducted under a pre-arranged trading plan established on August 25, 2023, 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.
• Following these transactions, Krasnow directly owns 10,447 shares of Class A Common Stock.
• Krasnow also indirectly owns 50,000 shares of Class A Common Stock through trusts and 727,572 shares of Class V-1 Common Stock through Inlet View, Inc.
• Additionally, 180,000 shares of Class V-1 Common Stock are held by Krasnow's spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports insider trading activity under a pre-arranged plan, without indicating any positive or negative implications for the company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares sold.

Key Dates