Form 4: Symbotic Inc. Executive Michael Dunn Reports Stock Transactions
SEC Form 4 Filing
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 July 23, 2024, Michael Dunn acquired 4,413 shares of Class A Common Stock through the vesting of restricted stock units.
- On July 24, 2024, Dunn disposed of 1,895 shares of Class A Common Stock at a price of $36.56 per share to cover tax withholding obligations.
- Following these transactions, Dunn directly owns 77,326 shares and indirectly owns 79,221 shares through Dunn Family Holding LLC.
- The reported transactions also involve restricted stock units that convert into Class A common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may provide shareholders with insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| January 23, 2023 | Reporting Person was granted 52,952 restricted stock units |
| January 23, 2024 | 1/3 of the restricted stock units vest |
| July 23, 2024 | Acquisition of 4,413 shares of Class A Common Stock through vesting of restricted stock units |
| July 24, 2024 | Disposal of 1,895 shares of Class A Common Stock at $36.56 per share |
| July 25, 2024 | Date of Form 4 signature |
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