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., executed sales of Class A Common Stock on July 26, 2024, under a pre-arranged trading plan.
Summary
- On July 26, 2024, William M. Boyd, III, 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 4,300 shares were sold at a price of $38.506.
- An additional 4,526 shares were sold at a price of $38.9071.
- Following these transactions, Boyd directly owns 23,012 shares.
- The sales were executed in multiple transactions at varying prices within the ranges of $37.79 to $38.77 and $38.80 to $39.33.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider trading activity, which is neutral in sentiment. The sales were pre-planned under a 10b5-1 trading plan.
Industry Context
This filing 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 sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 12/14/2023 | Date of establishment of the Rule 10b5-1 trading plan. |
| 07/26/2024 | Date of the reported transactions (sale of shares). |
| 07/29/2024 | Date of signature on the Form 4 filing. |
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