Form 4: Todd Krasnow, Symbotic Inc. Director, Reports Changes in Beneficial Ownership

Todd Krasnow, a director at Symbotic Inc., filed a Form 4 detailing transactions involving Class A Common Stock, Class V-1 Common Stock, and Symbotic Holdings Units, including sales, acquisitions, and transfers.

Summary

• On March 1, 2024, Todd Krasnow, a director at Symbotic Inc., engaged in transactions involving the company's stock and related units.
• These transactions included the vesting of 10,447 restricted stock units into Class A common stock, the sale of 2,000 shares of Class A common stock at $39.392 per share, and the redemption of 2,000 Symbotic Holdings Units for Class A common stock.
• Additionally, Krasnow transferred 30,000 Symbotic Holdings Units and paired Class V-1 common stock shares to his spouse and 150,000 units and shares to the Todd J. Krasnow 2024 Irrevocable Trust on March 5, 2024.
• Following these transactions, Krasnow directly owns 10,447 shares of Class A Common Stock, 216,036 shares of Class V-1 Common Stock, and 216,036 Symbotic Holdings Units.
• He also indirectly owns 50,000 shares of Class A Common Stock through trusts, 30,000 shares of Class V-1 Common Stock and 30,000 Symbotic Holdings Units through his spouse, and 727,572 shares of Class V-1 Common Stock and 727,572 Symbotic Holdings Units through Inlet View, Inc.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports transactions related to stock ownership and transfers, without indicating any specific positive or negative implications for the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) trade in the company's securities. These filings provide transparency to the market regarding insider activity.

Related Party Transactions

• The transfer of Symbotic Holdings Units and Class V-1 common stock to Todd Krasnow's spouse constitutes a related party transaction.

Stakeholder Impact

• The transactions reported may provide stakeholders with insights into the director's perspective on the company's value, although the transfers to family trusts are more likely related to estate planning.

Key Dates