Form 4: Symbotic Inc. Executive Michael Dunn Reports Stock Transactions

Michael Dunn, a Senior Vice President at Symbotic Inc., reported the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• On October 1, 2024, Michael Dunn, Senior Vice President at Symbotic Inc., acquired 5,498 and 7,666 shares of Class A Common Stock through the conversion of Restricted Stock Units.
• These shares were acquired indirectly through Dunn Family Holding LLC.
• On October 2, 2024, Mr. Dunn disposed of 5,266 shares of Class A Common Stock at a price of $23.8112 per share to cover tax withholding obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Dunn directly owns 85,224 shares and indirectly owns 90,490 shares through Dunn Family Holding LLC.
• The reported transactions also involve Restricted Stock Units (RSUs) which convert into Class A common stock on a one-for-one basis.
• The RSUs were granted on August 17, 2022, and vest quarterly, subject to continued service with the Issuer.

Sentiment

Score: 5

Explanation: The document reflects routine transactions related to executive compensation and tax obligations, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares to cover tax obligations, but the overall impact is likely minimal.

Key Dates