[Form 4] Symbotic Inc. Insider Trading Activity

Rhea-AI Filing Summary

Avista Corporation (AVA) filed an 8-K disclosing the issuance and sale of $120 million first-mortgage bonds, bearing a fixed 6.18% coupon and maturing in 2055. The bonds, placed privately with institutional investors on 23 Jul 2025, were issued under the company’s long-standing Mortgage and Deed of Trust and are secured by a first-lien on substantially all utility assets. They are callable at make-whole plus accrued interest.

Management will apply the proceeds to repay borrowings under its committed credit facility that funded utility construction projects, effectively terming-out short-term debt into long-term, fixed-rate financing. Concurrently, Avista cash-settled a $10 million interest-rate swap, receiving $1.1 million; this gain will be amortized against future interest expense.

• Issue size: $120 million
• Coupon: 6.18% fixed
• Tenor: 30 years (due 2055)
• Collateral: first-mortgage on utility assets
• Use of proceeds: repay credit-line borrowings

No earnings data or additional financial statements accompanied the filing.

Positive

• Liquidity strengthened by converting short-term credit-line borrowings into 30-year fixed-rate debt.
• Interest-rate risk reduced through fixed 6.18% coupon and termination of swap with $1.1 million gain.

Negative

• Higher interest expense due to 6.18% coupon exceeding previous credit-line rates.
• Leverage increases with additional $120 million of long-term debt on balance sheet.

Insights

Financial Analyst

TL;DR: Long-term bond issuance refinances short-term debt; liquidity improves but leverage and interest cost rise—overall neutral credit impact.

The $120 million, 30-year first-mortgage bonds shift floating-rate credit-line borrowings into fixed, asset-secured funding, reducing refinancing risk and interest-rate exposure. At 6.18%, the coupon is above Avista’s existing weighted average cost, modestly increasing annual interest expense. The swap cash receipt of $1.1 million slightly offsets that cost. Given Avista’s $5 billion asset base, the debt increase is manageable, representing ~2% of total capitalization. Collateralization supports investor protection, keeping recovery prospects strong. Because proceeds merely refinance existing obligations rather than funding incremental growth, the transaction is considered operationally prudent but not materially transformative; hence, impact is neutral.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ladensohn David A

(Last) (First) (Middle)

C/O SYMBOTIC INC., 200 RESEARCH DRIVE

(Street)

WILMINGTON MA 01887

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Symbotic Inc. [ SYM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class V-1 Common Stock								375,378	I	By The Serenade QSST Trust(1)(2)
Class V-3 Common Stock								10,615,154	I	By The Serenade QSST Trust(1)
Class V-1 Common Stock								520,835	I	By The Tilia Mill Trust(3)(4)
Class V-3 Common Stock								13,858,144	I	By The Tilia Mill Trust(3)
Class V-1 Common Stock								384,222	I	By The 2014 QSST F/B/O Perry Cohen(5)
Class V-3 Common Stock								12,469,262	I	By The 2014 QSST F/B/O Perry Cohen(5)
Class V-3 Common Stock								151,561,831	I	By The RBC Millennium Trust(6)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Symbotic Holdings Units	(7)							(7)	(7)	Class A Common Stock	10,990,532		10,990,532	I	By The Serenade QSST Trust(1)
Symbotic Holdings Units	(7)							(7)	(7)	Class A Common Stock	14,378,979		14,378,979	I	By The Tilia Mill Trust(3)
Symbotic Holdings Units	(7)							(7)	(7)	Class A Common Stock	12,853,484		12,853,484	I	By The 2014 QSST F/B/O Perry Cohen(5)
Symbotic Holdings Units	(7)							(7)	(7)	Class A Common Stock	151,561,831		151,561,831	I	By The RBC Millennium Trust(6)

Explanation of Responses:

1. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by The Serenade Trust, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

2. On June 16, 2025, The 2014 QSST F/B/O Rachel Cohen Kanter changed its name to The Serenade QSST Trust.

3. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by The Tilia Mill Trust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owners of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

4. On June 16, 2025, The Jill Cohen Mill Trust changed its name to The Tilia Mill Trust.

5. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the 2014 QSST F/B/O Perry Cohen, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

6. David A. Ladensohn may be considered the beneficial owner of securities held of record by The RBC Millennium Trust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.

7. The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings and an equal number of paired shares of Class V-1 Common Stock or Class V-3 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are together 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 or Class V-3 Common Stock, as applicable.

Remarks:

	/s/ Corey Dufresne, Attorney-in-Fact for David A. Ladensohn	07/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Avista (AVA) announce in its July 23 2025 8-K?

It issued $120 million of 6.18% first-mortgage bonds maturing in 2055 via private placement.

How will Avista use the bond proceeds?

Proceeds will repay outstanding borrowings on its committed credit facility tied to utility construction.

What is the interest rate and maturity of the new bonds?

The bonds carry a 6.18% fixed coupon and mature in 2055 (30-year tenor).

Are the bonds secured?

Yes, they are secured by a first-mortgage lien on substantially all Avista utility assets.

Did Avista execute any related derivative transactions?

The company cash-settled a $10 million interest-rate swap, receiving $1.1 million cash.