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[8-K] Pyrophyte Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Symbotic Inc. (SYM) – Form 4 insider transaction dated 07/07/2025

Director Todd Krasnow, through his vehicle Inlet View, Inc., redeemed 4,000 Symbotic Holdings Units paired with the same number of Class V-1 shares and received 4,000 Class A shares on a 1-for-1 basis. The Class A shares were immediately sold in three aggregated trades executed under a Rule 10b5-1 trading plan at weighted-average prices of $44.88–$47.48, generating total proceeds of roughly $0.18 million.

Post-transaction, Krasnow (directly and indirectly) still controls 633,079 Symbotic Holdings Units/paired Class V-1 shares and holds additional interests through family trusts totalling 50,000 Class A shares. His spouse and a 2024 irrevocable trust retain a further 180,000 Symbotic Holdings Units. The filing notes that Class V-1 shares carry voting rights but no economic interest and are retired when redeemed.

No new derivatives were acquired; the activity represents a modest reduction of the director’s overall economic stake and voting power. All sales were pre-scheduled, limiting concerns about information-driven trading.

Symbotic Inc. (SYM) – Transazione interna Form 4 datata 07/07/2025

Il direttore Todd Krasnow, tramite la sua società Inlet View, Inc., ha riscattato 4.000 Symbotic Holdings Units abbinate allo stesso numero di azioni di Classe V-1, ricevendo in cambio 4.000 azioni di Classe A con rapporto 1 a 1. Le azioni di Classe A sono state immediatamente vendute in tre operazioni aggregate eseguite nell’ambito di un piano di trading Rule 10b5-1, a prezzi medi ponderati compresi tra $44,88 e $47,48, generando proventi totali di circa $0,18 milioni.

Dopo la transazione, Krasnow (direttamente e indirettamente) detiene ancora 633.079 Symbotic Holdings Units/azioni Classe V-1 abbinate e possiede ulteriori interessi tramite trust familiari per un totale di 50.000 azioni di Classe A. Sua moglie e un trust irrevocabile del 2024 detengono ulteriori 180.000 Symbotic Holdings Units. La documentazione specifica che le azioni di Classe V-1 hanno diritti di voto ma nessun interesse economico e vengono annullate al momento del riscatto.

Non sono stati acquisiti nuovi derivati; l’attività rappresenta una modesta riduzione della quota economica complessiva e del potere di voto del direttore. Tutte le vendite erano pre-programmate, riducendo così i timori di operazioni basate su informazioni privilegiate.

Symbotic Inc. (SYM) – Transacción interna Formulario 4 con fecha 07/07/2025

El director Todd Krasnow, a través de su entidad Inlet View, Inc., redimió 4,000 Unidades de Symbotic Holdings junto con el mismo número de acciones Clase V-1 y recibió 4,000 acciones Clase A en una proporción de 1 a 1. Las acciones Clase A fueron vendidas inmediatamente en tres operaciones agregadas ejecutadas bajo un plan de trading Rule 10b5-1, con precios promedio ponderados de $44.88 a $47.48, generando ingresos totales aproximados de $0.18 millones.

Después de la transacción, Krasnow (directa e indirectamente) aún controla 633,079 Unidades de Symbotic Holdings/acciones Clase V-1 emparejadas y mantiene intereses adicionales a través de fideicomisos familiares que suman 50,000 acciones Clase A. Su cónyuge y un fideicomiso irrevocable de 2024 conservan otros 180,000 Unidades de Symbotic Holdings. El informe señala que las acciones Clase V-1 tienen derechos de voto pero no interés económico y se cancelan al ser redimidas.

No se adquirieron nuevos derivados; la actividad representa una reducción modesta de la participación económica total y el poder de voto del director. Todas las ventas fueron preprogramadas, limitando preocupaciones sobre operaciones basadas en información privilegiada.

Symbotic Inc. (SYM) – 2025년 7월 7일자 Form 4 내부자 거래

이사 Todd Krasnow는 그의 법인 Inlet View, Inc.를 통해 4,000개의 Symbotic Holdings Units와 동일 수량의 Class V-1 주식을 상환하고 1대1 비율로 4,000개의 Class A 주식을 받았습니다. Class A 주식은 즉시 Rule 10b5-1 거래 계획에 따라 세 번에 걸쳐 집계된 거래로 매각되었으며, 가중 평균 가격은 $44.88~$47.48로 총 약 $0.18백만의 수익을 창출했습니다.

거래 이후 Krasnow는 (직접 및 간접적으로) 여전히 633,079개의 Symbotic Holdings Units/동일 수량의 Class V-1 주식을 보유하고 있으며, 가족 신탁을 통해 추가로 50,000개의 Class A 주식을 소유하고 있습니다. 그의 배우자와 2024년 불가역 신탁은 추가로 180,000개의 Symbotic Holdings Units를 보유하고 있습니다. 제출 서류에 따르면 Class V-1 주식은 의결권은 있으나 경제적 이익은 없으며 상환 시 소멸됩니다.

새로운 파생상품은 취득하지 않았으며, 이번 거래는 이사의 전체 경제적 지분 및 의결권을 다소 줄인 것입니다. 모든 매도는 사전에 계획된 거래로, 내부 정보에 기반한 거래 우려를 제한합니다.

Symbotic Inc. (SYM) – Transaction d’initié Formulaire 4 datée du 07/07/2025

Le directeur Todd Krasnow, via sa société Inlet View, Inc., a racheté 4 000 unités Symbotic Holdings associées au même nombre d’actions de Classe V-1 et a reçu 4 000 actions de Classe A au ratio de 1 pour 1. Les actions de Classe A ont été immédiatement vendues en trois transactions agrégées exécutées dans le cadre d’un plan de trading Rule 10b5-1, aux prix moyens pondérés de 44,88 $ à 47,48 $, générant un produit total d’environ 0,18 million de dollars.

Après la transaction, Krasnow (directement et indirectement) contrôle toujours 633 079 unités Symbotic Holdings/actions Classe V-1 associées et détient des intérêts supplémentaires via des trusts familiaux totalisant 50 000 actions de Classe A. Son conjoint et un trust irrévocable de 2024 détiennent par ailleurs 180 000 unités Symbotic Holdings. Le dépôt précise que les actions de Classe V-1 confèrent des droits de vote mais aucun intérêt économique et sont annulées lors de leur rachat.

Aucun nouveau dérivé n’a été acquis ; l’activité représente une réduction modérée de la participation économique globale et du pouvoir de vote du directeur. Toutes les ventes étaient préprogrammées, limitant ainsi les inquiétudes liées à un trading basé sur des informations privilégiées.

Symbotic Inc. (SYM) – Insider-Transaktion Form 4 vom 07.07.2025

Direktor Todd Krasnow hat über seine Gesellschaft Inlet View, Inc. 4.000 Symbotic Holdings Units zusammen mit der gleichen Anzahl an Class V-1 Aktien eingelöst und im Verhältnis 1:1 4.000 Class A Aktien erhalten. Die Class A Aktien wurden unmittelbar danach in drei zusammengefassten Transaktionen im Rahmen eines Rule 10b5-1 Handelsplans zu gewichteten Durchschnittspreisen von $44,88–$47,48 verkauft, wodurch Erlöse von etwa $0,18 Millionen erzielt wurden.

Nach der Transaktion kontrolliert Krasnow (direkt und indirekt) weiterhin 633.079 Symbotic Holdings Units/zugehörige Class V-1 Aktien und hält zusätzliche Anteile über Familientrusts in Höhe von 50.000 Class A Aktien. Seine Ehefrau und ein unwiderruflicher Trust aus dem Jahr 2024 halten weitere 180.000 Symbotic Holdings Units. Die Einreichung weist darauf hin, dass Class V-1 Aktien Stimmrechte besitzen, aber keine wirtschaftlichen Interessen, und bei Einlösung verfallen.

Es wurden keine neuen Derivate erworben; die Transaktion stellt eine moderate Reduzierung des wirtschaftlichen Anteils und der Stimmrechte des Direktors dar. Alle Verkäufe waren vorab geplant, was Bedenken hinsichtlich insiderbasierter Handelsaktivitäten einschränkt.

Positive
  • Sales executed under a pre-established Rule 10b5-1 plan, reducing concerns about opportunistic trading.
  • Director retains 633,079 voting units and 50,000 Class A shares via trusts, maintaining significant alignment with shareholders.
Negative
  • The filing reports an insider sale of 4,000 Class A shares, indicating a modest reduction in economic exposure.

Insights

TL;DR – Routine 4,000-share sale (~$0.18 m) under 10b5-1; minimal impact on director’s large stake or SYM valuation.

The Form 4 discloses a small, pre-arranged sale relative to Krasnow’s remaining 633k Symbotic Holdings Units. The disposition represents <1% of his voting units and an immaterial fraction of SYM’s float, suggesting negligible supply pressure. Use of a 10b5-1 plan mitigates signalling risk. No options were exercised, and there are no hints of broader insider exit. Investors typically view such de-minimis sales as neutral.

TL;DR – Insider sale is transparent and plan-based; governance posture remains sound.

The redemption/sale mechanics follow the LLC agreement and Section 16 rules. Retention of substantial voting stock aligns director incentives with shareholders. Disclosure of trust-related holdings and disclaimers conforms to best practices. Overall, the event is governance-neutral and not materially impactful.

Symbotic Inc. (SYM) – Transazione interna Form 4 datata 07/07/2025

Il direttore Todd Krasnow, tramite la sua società Inlet View, Inc., ha riscattato 4.000 Symbotic Holdings Units abbinate allo stesso numero di azioni di Classe V-1, ricevendo in cambio 4.000 azioni di Classe A con rapporto 1 a 1. Le azioni di Classe A sono state immediatamente vendute in tre operazioni aggregate eseguite nell’ambito di un piano di trading Rule 10b5-1, a prezzi medi ponderati compresi tra $44,88 e $47,48, generando proventi totali di circa $0,18 milioni.

Dopo la transazione, Krasnow (direttamente e indirettamente) detiene ancora 633.079 Symbotic Holdings Units/azioni Classe V-1 abbinate e possiede ulteriori interessi tramite trust familiari per un totale di 50.000 azioni di Classe A. Sua moglie e un trust irrevocabile del 2024 detengono ulteriori 180.000 Symbotic Holdings Units. La documentazione specifica che le azioni di Classe V-1 hanno diritti di voto ma nessun interesse economico e vengono annullate al momento del riscatto.

Non sono stati acquisiti nuovi derivati; l’attività rappresenta una modesta riduzione della quota economica complessiva e del potere di voto del direttore. Tutte le vendite erano pre-programmate, riducendo così i timori di operazioni basate su informazioni privilegiate.

Symbotic Inc. (SYM) – Transacción interna Formulario 4 con fecha 07/07/2025

El director Todd Krasnow, a través de su entidad Inlet View, Inc., redimió 4,000 Unidades de Symbotic Holdings junto con el mismo número de acciones Clase V-1 y recibió 4,000 acciones Clase A en una proporción de 1 a 1. Las acciones Clase A fueron vendidas inmediatamente en tres operaciones agregadas ejecutadas bajo un plan de trading Rule 10b5-1, con precios promedio ponderados de $44.88 a $47.48, generando ingresos totales aproximados de $0.18 millones.

Después de la transacción, Krasnow (directa e indirectamente) aún controla 633,079 Unidades de Symbotic Holdings/acciones Clase V-1 emparejadas y mantiene intereses adicionales a través de fideicomisos familiares que suman 50,000 acciones Clase A. Su cónyuge y un fideicomiso irrevocable de 2024 conservan otros 180,000 Unidades de Symbotic Holdings. El informe señala que las acciones Clase V-1 tienen derechos de voto pero no interés económico y se cancelan al ser redimidas.

No se adquirieron nuevos derivados; la actividad representa una reducción modesta de la participación económica total y el poder de voto del director. Todas las ventas fueron preprogramadas, limitando preocupaciones sobre operaciones basadas en información privilegiada.

Symbotic Inc. (SYM) – 2025년 7월 7일자 Form 4 내부자 거래

이사 Todd Krasnow는 그의 법인 Inlet View, Inc.를 통해 4,000개의 Symbotic Holdings Units와 동일 수량의 Class V-1 주식을 상환하고 1대1 비율로 4,000개의 Class A 주식을 받았습니다. Class A 주식은 즉시 Rule 10b5-1 거래 계획에 따라 세 번에 걸쳐 집계된 거래로 매각되었으며, 가중 평균 가격은 $44.88~$47.48로 총 약 $0.18백만의 수익을 창출했습니다.

거래 이후 Krasnow는 (직접 및 간접적으로) 여전히 633,079개의 Symbotic Holdings Units/동일 수량의 Class V-1 주식을 보유하고 있으며, 가족 신탁을 통해 추가로 50,000개의 Class A 주식을 소유하고 있습니다. 그의 배우자와 2024년 불가역 신탁은 추가로 180,000개의 Symbotic Holdings Units를 보유하고 있습니다. 제출 서류에 따르면 Class V-1 주식은 의결권은 있으나 경제적 이익은 없으며 상환 시 소멸됩니다.

새로운 파생상품은 취득하지 않았으며, 이번 거래는 이사의 전체 경제적 지분 및 의결권을 다소 줄인 것입니다. 모든 매도는 사전에 계획된 거래로, 내부 정보에 기반한 거래 우려를 제한합니다.

Symbotic Inc. (SYM) – Transaction d’initié Formulaire 4 datée du 07/07/2025

Le directeur Todd Krasnow, via sa société Inlet View, Inc., a racheté 4 000 unités Symbotic Holdings associées au même nombre d’actions de Classe V-1 et a reçu 4 000 actions de Classe A au ratio de 1 pour 1. Les actions de Classe A ont été immédiatement vendues en trois transactions agrégées exécutées dans le cadre d’un plan de trading Rule 10b5-1, aux prix moyens pondérés de 44,88 $ à 47,48 $, générant un produit total d’environ 0,18 million de dollars.

Après la transaction, Krasnow (directement et indirectement) contrôle toujours 633 079 unités Symbotic Holdings/actions Classe V-1 associées et détient des intérêts supplémentaires via des trusts familiaux totalisant 50 000 actions de Classe A. Son conjoint et un trust irrévocable de 2024 détiennent par ailleurs 180 000 unités Symbotic Holdings. Le dépôt précise que les actions de Classe V-1 confèrent des droits de vote mais aucun intérêt économique et sont annulées lors de leur rachat.

Aucun nouveau dérivé n’a été acquis ; l’activité représente une réduction modérée de la participation économique globale et du pouvoir de vote du directeur. Toutes les ventes étaient préprogrammées, limitant ainsi les inquiétudes liées à un trading basé sur des informations privilégiées.

Symbotic Inc. (SYM) – Insider-Transaktion Form 4 vom 07.07.2025

Direktor Todd Krasnow hat über seine Gesellschaft Inlet View, Inc. 4.000 Symbotic Holdings Units zusammen mit der gleichen Anzahl an Class V-1 Aktien eingelöst und im Verhältnis 1:1 4.000 Class A Aktien erhalten. Die Class A Aktien wurden unmittelbar danach in drei zusammengefassten Transaktionen im Rahmen eines Rule 10b5-1 Handelsplans zu gewichteten Durchschnittspreisen von $44,88–$47,48 verkauft, wodurch Erlöse von etwa $0,18 Millionen erzielt wurden.

Nach der Transaktion kontrolliert Krasnow (direkt und indirekt) weiterhin 633.079 Symbotic Holdings Units/zugehörige Class V-1 Aktien und hält zusätzliche Anteile über Familientrusts in Höhe von 50.000 Class A Aktien. Seine Ehefrau und ein unwiderruflicher Trust aus dem Jahr 2024 halten weitere 180.000 Symbotic Holdings Units. Die Einreichung weist darauf hin, dass Class V-1 Aktien Stimmrechte besitzen, aber keine wirtschaftlichen Interessen, und bei Einlösung verfallen.

Es wurden keine neuen Derivate erworben; die Transaktion stellt eine moderate Reduzierung des wirtschaftlichen Anteils und der Stimmrechte des Direktors dar. Alle Verkäufe waren vorab geplant, was Bedenken hinsichtlich insiderbasierter Handelsaktivitäten einschränkt.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 8, 2025

 

PYROPHYTE ACQUISITION CORP.

(Exact name of registrant as specified in its Articles)

 

Cayman Islands   001-40957   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS. Employer
Identification No.)

 

3262 Westheimer Road

Suite 706

Houston, Texas 77098

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: (281) 701-4234

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01. Other Events.

 

As previously disclosed, on April 25, 2025, Pyrophyte Acquisition Corp. (the “Company”) held an extraordinary general meeting of shareholders to approve an extension of the time by which it had to consummate its initial business combination from April 29, 2025 to April 29, 2026 (the “Extension”). In connection with the Extension, Pyrophyte Acquisition LLC (the “Sponsor”), agreed that it or its designee would deposit into the Company’s trust account (the “Trust Account”) an amount equal to $75,697.70 on a monthly basis through the Extension (the “Extension Amount”).

 

On July 8, 2025, the Sponsor caused the Extension Amount to be deposited into the Trust Account, representing payment for the second month of the Extension.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

PYROPHYTE ACQUISITION CORP.  
     
By: /s/ Sten Gustafson  
Name:  Sten Gustafson  
Title: Chief Financial Officer  

 

Date: July 9, 2025

 

 

2

 

FAQ

How many Symbotic (SYM) shares did Todd Krasnow sell?

He sold 4,000 shares of Class A common stock on 07/07/2025.

What was the average sale price for the SYM shares?

The weighted-average prices ranged between $44.88 and $47.48 per share.

Was the sale under a Rule 10b5-1 trading plan?

Yes. The transactions were executed under a 10b5-1 plan adopted on 02/19/2025.

How many Symbotic Holdings Units does Krasnow still own?

After the redemption, he indirectly owns 633,079 Symbotic Holdings Units paired with Class V-1 shares.

Do the Class V-1 shares have economic rights?

No. Class V-1 shares only provide one vote per share and are cancelled when redeemed for Class A stock.
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