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

A Symbotic Inc. executive, Michael David Dunn, sold 13,114 shares of Class A Common Stock at an average price of $32.1909, as part of a pre-arranged trading plan.

Summary

• Michael David Dunn, a Senior Vice President at Symbotic Inc., sold 13,114 shares of Class A Common Stock on January 16, 2025.
• The sale was executed under a pre-arranged trading plan established on September 6, 2024, in accordance with Rule 10b5-1.
• The shares were sold at prices ranging from $31.75 to $32.50, with an average price of $32.1909.
• Following the transaction, Dunn directly owns 18,746 shares and may be considered the beneficial owner of additional shares held by Dunn Family Holding LLC.
• Dunn disclaims beneficial ownership of the shares held by Dunn Family Holding LLC except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment about the company's performance.

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

This is a routine filing related to insider trading activity, which is common for executives of publicly traded companies. The use of a pre-arranged trading plan is a standard practice to avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies to manage their stock sales and avoid accusations of insider trading.
• The price range of $31.75 to $32.50 is within the normal trading range for the stock at the time of the transaction.
• The volume of shares sold, 13,114, is not unusual for an executive's planned sale.

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to be significant given the pre-arranged nature of the transaction.

Key Dates

Keywords

Symbotic Inc., Michael David Dunn, Class A Common Stock, SEC Form 4, insider trading, stock sale, Rule 10b5-1, trading plan