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

A Symbotic Inc. executive, Michael David Dunn, sold a total of 4,421 shares of Class A Common Stock on January 30th and 31st, 2025, under a pre-arranged trading plan.

Summary

• Michael David Dunn, a Senior Vice President at Symbotic Inc., sold 1,971 shares of Class A Common Stock on January 30, 2025, at an average price of $30.0046 per share.
• He also sold 2,450 shares of Class A Common Stock on January 31, 2025, at an average price of $30.0012 per share.
• These transactions were executed under a pre-arranged trading plan established on September 6, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• The shares were sold in multiple transactions within a price range, and the reporting person has committed to providing full details of the sales at each price upon request.
• Following these transactions, Mr. Dunn still indirectly beneficially owns 22,301 shares through Dunn Family Holding LLC on January 30th and 19,851 shares on January 31st.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction under a pre-arranged trading plan, which is neither positive nor negative for the company's outlook. It's a neutral event.

Industry Context

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

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, including those in the technology and automation sectors like Symbotic.
• Similar filings are regularly seen from executives at companies like Amazon, Google, and other large tech firms, where stock-based compensation is common.
• The volume of shares sold is relatively small compared to the overall market capitalization of Symbotic, which is typical for routine executive sales.

Stakeholder Impact

• The stock sales by the executive may have a minor impact on the stock price, but the pre-arranged nature of the sales should mitigate any significant negative reaction from shareholders.
• The sales do not indicate any change in the company's fundamentals or future prospects.

Key Dates

Keywords

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