Symbotic (NASDAQ: SYM) CTO sells shares after RSUs vest to cover taxes
Rhea-AI Filing Summary
Symbotic Inc. (SYM) reported that Chief Technology Officer James Kuffner had restricted stock units vest and settle into Class A common stock, followed by a related tax sale. On August 23, 2026, 9,748 RSUs converted into 9,748 shares of Class A common stock, leaving 48,744 RSUs reported as outstanding. On August 24, 2026, Kuffner sold 3,952 shares at an average price of $40.5926 per share in transactions within a price range of $40.565 to $40.67. According to the company’s footnotes, these sales were mandated "sell to cover" transactions to satisfy tax withholding obligations arising from the RSU vesting and did not represent discretionary trades.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Kuffner James
Role
Chief Technology Officer
Sold
3,952 shs ($160K)
Approx. gross sale proceeds
$160K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F2, F3 | 3,952 | $40.5926 | $160K |
| Exercise | Restricted Stock Units F1, F4 | 9,748 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 9,748 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 48,744 shares (Direct);
Class A Common Stock — 219,858 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- F2. This transaction represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales were mandated by the Issuer's election under its equity incentive plans to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction, and do not represent discretionary trades by the Reporting Person.
- F3. 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 $40.565 to $40.67, 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.
- F4. On November 23, 2024, the Reporting Person was granted 116,977 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on November 23, 2025, and 1/12 of the restricted stock units vest quarterly thereafter, subject to the Reporting Person continued service with the Issuer on the applicable vesting dates.
Key Figures
Shares sold: 3,952 shares
Average sale price: $40.5926 per share
Sale price range: $40.565 to $40.67 per share
+3 more
6 metrics
Shares sold
3,952 shares
Class A common stock sold on August 24, 2026 to cover tax withholding
Average sale price
$40.5926 per share
Average price for 3,952 Symbotic Class A shares sold on August 24, 2026
Sale price range
$40.565 to $40.67 per share
Price range of multiple sale transactions on August 24, 2026
RSUs converted
9,748 restricted stock units
RSUs that converted into 9,748 Class A shares on August 23, 2026
RSUs remaining
48,744 restricted stock units
Restricted stock units reported as outstanding following the August 23, 2026 transaction
Original RSU grant
116,977 restricted stock units
Grant made on November 23, 2024 with staged vesting over time
Key Terms
restricted stock unit, sell to cover, equity incentive plans, contingent right
4 terms
restricted stock unit financial
"The Reporting Person was granted 116,977 restricted stock units that vest as follows"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"tax withholding obligation to be funded by a "sell to cover" transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transactions did SYM’s CTO James Kuffner report?
James Kuffner reported vesting of 9,748 restricted stock units into an equal number of Symbotic Inc. Class A shares on August 23, 2026, and a related sale of 3,952 shares on August 24, 2026, to cover tax withholding obligations.
What RSU grant underlies the August 2026 transactions for SYM?
The RSU activity relates to a grant of 116,977 restricted stock units awarded on November 23, 2024. One-third vests on November 23, 2025, and 1/12 vests quarterly thereafter, subject to continued service with Symbotic Inc.
How many restricted stock units does James Kuffner still hold after these SYM transactions?
After the August 23, 2026 vesting and conversion event, James Kuffner is reported as holding 48,744 restricted stock units that remain outstanding, each representing a contingent right to receive one share of Symbotic Inc. Class A common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
