Form 4: Symbotic Inc. Executive Michael Dunn Reports Sale of 1,200 Shares
SEC Form 4 Filing
Michael Dunn, a Senior Vice President at Symbotic Inc., reported the sale of 1,200 shares of Class A Common Stock on May 22, 2024.
Summary
- On May 22, 2024, Michael Dunn, Senior Vice President at Symbotic Inc., sold 1,200 shares of Class A Common Stock.
- The sale was executed at a price of $44.0233 per share.
- Following the transaction, Dunn directly owns 70,832 shares.
- Dunn may also be considered the beneficial owner of securities held by Dunn Family Holding LLC.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's important for investors to monitor such filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of transaction: Michael Dunn sold 1,200 shares of Symbotic Inc. Class A Common Stock. |
| 05/24/2024 | Date of report: Form 4 filing date. |
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