Form 4: Symbotic Inc. Executive William M. Boyd, III Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
William M. Boyd, III, Chief Strategy Officer of Symbotic Inc., sold shares of Class A Common Stock on October 28, 2024, under a pre-arranged trading plan.
Summary
- On October 28, 2024, William M. Boyd, III, the Chief Strategy Officer of Symbotic Inc., sold shares of Class A Common Stock.
- The sales were executed under a trading plan established on December 14, 2023, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
- A total of 8,826 shares were sold in multiple transactions at prices ranging from $27.85 to $28.91.
- Following the reported transactions, Boyd directly owns 23,012 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale by an executive could have a minor impact on shareholder confidence, but the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-12-14 | Date of establishment of the Rule 10b5-1 trading plan. |
| 2024-10-28 | Date of the stock sale transaction. |
| 2024-10-30 | Date of signature on the Form 4 filing. |
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