Ernst Thomas C JR's Form 4 filing
Symbotic Inc. (SYM) · filed Aug 10, 2023
- Accession no.
- 0001837240-23-000157
- Filed
- Aug 10, 2023
- Trade date
- Aug 8, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $1.57M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Ernst Thomas C JRCIK 0001763879 | Officer (Chief Financial Officer) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Aug 8, 2023 | Class V-1 Common Stock | JOtherDisposed | −31,302 | –F1,F2,F3 | – | 991,977 | Direct | |
| Aug 8, 2023 | Class A Common Stock | JOtherAcquired | +31,302 | –F1,F2,F3 | – | 31,728 | Direct | |
| Aug 8, 2023 | Class A Common Stock | SSaleDisposed | −29,884 | $50.10F4 | −$1,497,188.4 | 1,844 | Direct | |
| Aug 8, 2023 | Class A Common Stock | SSaleDisposed | −1,418 | $51.17F5 | −$72,559.06 | 426 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("Symbotic Holdings") and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are redeemable by the holder on a one-for-one basis for a share of Class A Common Stock of the Issuer, subject to conversion rate adjustments for stock splits, stock dividends, reclassification and other similar transactions, and in accordance with other terms and conditions set forth in Symbotic Holdings' Second Amended and Restated Limited Liability Company Agreement, dated as of June 7, 2022. Upon redemption, the Issuer will cancel the Symbotic Holdings Units and cancel and retire for no consideration the redeemed shares of Class V-1 Common Stock.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F2
Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to 1 vote per share.
Referenced by the price of 2 transactions in Table I and 1 transaction in Table II.
- F3
On August 8, 2023, the Reporting Person sold 31,302 shares of Class A Common Stock (the "Stock Sale"). In connection with the Stock Sale, effective August 8, 2023, the Reporting Person redeemed 31,302 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings cancelled the Symbotic Holdings Units and the Issuer cancelled and retired for no consideration the redeemed 31,302 shares of Class V-1 Common Stock.
Referenced by the price of 2 transactions in Table I.
- F4
In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $49.86 to $50.83, inclusive. 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.
Referenced by the price of 1 transaction in Table I.
- F5
In accordance with SEC guidance authorizing aggregate reporting of same-day purchases and sales, the shares were sold in multiple transactions at prices ranging from $50.88 to $51.67, inclusive. 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.
Referenced by the price of 1 transaction in Table I.