Form 4: Symbotic Inc. Executive Sells Shares Under Pre-Arranged Trading Plan

A Symbotic Inc. executive, Michael D. Dunn, sold a total of 63,867 Class A common stock shares through a pre-arranged trading plan.

Summary

• Michael D. Dunn, a Senior Vice President at Symbotic Inc., sold 1,600 shares of Class A common stock at an average price of $29.0454 per share.
• Dunn also sold 62,267 shares of Class A common stock at an average price of $30.1108 per share.
• The sales were executed on December 9, 2024, under a pre-arranged trading plan established on September 6, 2024.
• The shares were sold in multiple transactions within price ranges of $28.55 to $29.45 and $29.80 to $30.36, respectively.
• Dunn Family Holding LLC was the seller of the shares, and Michael D. Dunn is the Chief Manager of this entity.
• Dunn disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document reports a routine executive share sale under a pre-arranged plan, which is neither particularly positive nor negative.

Risks

• Executive share sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Management Comments

• The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
• The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Industry Context

Executive share sales are a common occurrence in publicly traded companies and are often part of pre-arranged trading plans to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive share sales are a normal part of corporate activity, and the use of a 10b5-1 trading plan is a common practice to ensure compliance with insider trading regulations.
• The size of the sale is not unusual for an executive at this level, and the price ranges are within the normal trading range for the stock.

Stakeholder Impact

• The share sale may have a minor impact on the stock price, but it is unlikely to have a significant impact on other stakeholders.

Key Dates

Keywords

Symbotic Inc., share sale, executive, Michael D. Dunn, trading plan, Class A Common Stock, Dunn Family Holding LLC