Form 4: Symbotic Inc. Executive Michael Dunn Sells 2,000 Shares of Class A Common Stock
SEC Filing
Senior Vice President Michael Dunn sold 2,000 shares of Symbotic Inc. Class A Common Stock at $40 per share on July 15, 2024, according to a Form 4 filing.
Summary
- Michael Dunn, Senior Vice President at Symbotic Inc., sold 2,000 shares of Class A Common Stock on July 15, 2024.
- The sale was executed at a price of $40 per share.
- Following the transaction, Dunn directly owns 74,808 shares indirectly through Dunn Family Holding LLC.
- The sale was conducted under a pre-arranged trading plan established on August 18, 2023, in accordance with Rule 10b5-1.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Management Comments
- The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
Industry Context
This filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the transactions of company executives.
Stakeholder Impact
- The stock sale by a company executive may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| August 18, 2023 | Date of establishment of the Rule 10b5-1 trading plan. |
| July 15, 2024 | Date of the stock sale transaction. |
| July 17, 2024 | Date of the Form 4 filing. |
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