Symbotic Inc. (NASDAQ: SYM) SVP sells 9,130 shares in tax cover
Rhea-AI Filing Summary
Symbotic SVP, Commercial Brian Daniel reported the vesting and settlement of 20,512 restricted stock units into the same number of Class A shares on July 23, 2026. To fund tax withholding on this settlement, he sold 9,130 shares on July 24 at a weighted average of $40.3016 per share in a mandatory, non-discretionary “sell to cover” transaction. After these events he continues to hold 143,587 RSUs and indirectly owns 42.7700 shares via an HSA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Alexander Brian Daniel
Role
SVP, Commercial
Sold
9,130 shs ($368K)
Approx. gross sale proceeds
$368K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F3, F4 | 9,130 | $40.3016 | $368K |
| Exercise | Restricted Stock Units F1, F5 | 20,512 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1, F2 | 20,512 | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 143,587 shares (Direct);
Class A Common Stock — 55,611 shares (Direct);
Class A Common Stock — 42.77 shares (Indirect, By HSA)
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- F2. Includes 53 shares acquired on February 27, 2026 under the Symbotic Inc. 2022 Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c).
- F3. 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.
- 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 $40.23 to $40.45, 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.
- F5. On April 23, 2025, the Reporting Person was granted 246,135 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on April 23, 2026, 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: 9,130 shares
Weighted average sale price: $40.3016 per share
Sale price range: $40.23–$40.45 per share
+4 more
7 metrics
Shares sold
9,130 shares
Class A Common Stock sold on 2026-07-24 to cover tax withholding
Weighted average sale price
$40.3016 per share
Average price for 9,130 Class A shares sold on 2026-07-24
Sale price range
$40.23–$40.45 per share
Prices of multiple aggregated sale transactions reported for the 9,130 shares
RSUs settled
20,512 units
Restricted stock units converted into Class A shares on 2026-07-23
RSUs remaining
143,587 units
Restricted stock units held after the 20,512-unit settlement
RSU grant size
246,135 units
Restricted stock units granted to the reporting person on 2025-04-23
Indirect HSA holding
42.7700 shares
Class A Common Stock held indirectly via an HSA as of 2026-07-23
Key Terms
restricted stock units, sell to cover, Rule 16b-3(d), Rule 16b-3(c), +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
Rule 16b-3(d) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Symbotic Inc. (SYM) report for SVP Brian Daniel?
Symbotic reported that SVP Brian Daniel had 20,512 RSUs vest and settle into Class A shares, and then sold 9,130 shares to cover tax withholding. He still holds 143,587 RSUs after these transactions.
How many restricted stock units does Brian Daniel still hold in Symbotic Inc. (SYM)?
After the July 2026 vesting and settlement of 20,512 RSUs, Brian Daniel continues to hold 143,587 restricted stock units. Each RSU represents a contingent right to receive one share of Symbotic’s Class A common stock, subject to ongoing vesting conditions.
What RSU grant and vesting schedule does Symbotic Inc. (SYM) disclose for its SVP?
Symbotic granted Brian Daniel 246,135 RSUs on April 23, 2025. One-third vests on April 23, 2026, and one-twelfth vests quarterly thereafter, contingent on his continued service with the company at each vesting date.
Does the Form 4 mention Symbotic Inc. (SYM) employee stock purchase plan activity?
Yes. A footnote states Daniel’s reported holdings include 53 shares acquired on February 27, 2026 under the Symbotic Inc. 2022 Employee Stock Purchase Plan, in transactions exempt under Rule 16b-3(d) and Rule 16b-3(c).