Symbotic (NASDAQ: SYM) CTO logs RSU vesting and mandated tax share sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Symbotic Inc. Chief Technology Officer James Kuffner reported routine equity compensation activity. On May 23, 2026, 9,749 restricted stock units were converted into an equal number of Class A common shares at a stated price of $0.00 per share. On May 26, 2026, 3,878 of these shares were sold at an average price of about $53.51 solely to cover tax withholding obligations under the company’s “sell to cover” policy, and not as discretionary trades. After these transactions, Kuffner held 185,126 Class A shares directly and 58,492 restricted stock units, part of a 116,977-unit grant from November 23, 2024 that vests over time.
Positive
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Negative
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Insider Trade Summary
Net Seller: 3,878 shares ($207,501)
Net Sell
3 txns
Insider
Kuffner James
Role
Chief Technology Officer
Sold
3,878 shs ($208K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,878 | $53.5072 | $208K |
| Exercise | Restricted Stock Units | 9,749 | $0.00 | -- |
| Exercise | Class A Common Stock | 9,749 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 185,126 shares (Direct);
Restricted Stock Units — 58,492 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock. 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. 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 $53.45 to $53.54, 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. 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 to cover taxes: 3,878 shares
Average sale price: $53.5072 per share
RSUs converted to shares: 9,749 units/shares
+4 more
7 metrics
Shares sold to cover taxes
3,878 shares
Open-market sale on May 26, 2026 at ~$53.51/share
Average sale price
$53.5072 per share
Tax-related sale of 3,878 Class A shares
RSUs converted to shares
9,749 units/shares
Restricted stock units converted on May 23, 2026
Shares held after transactions
185,126 shares
Direct Class A holdings following May 2026 activity
RSUs remaining after vesting
58,492 units
Restricted stock units outstanding after May 23, 2026 conversion
Original RSU grant size
116,977 units
Grant dated November 23, 2024 to CTO James Kuffner
Initial vesting date
November 23, 2025
One-third of 116,977 RSUs vest on this date
Key Terms
restricted stock units, sell to cover, equity incentive plans, Class A common stock, +1 more
5 terms
restricted stock units financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock."
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, and do not represent discretionary trades"
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 to require the satisfaction of a tax withholding obligation"
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.
Class A common stock financial
"Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
vesting financial
"restricted stock units that vest as follows: 1/3 of the restricted stock units vest on November 23, 2025"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Symbotic (SYM) CTO James Kuffner report?
James Kuffner reported the conversion of 9,749 restricted stock units into Class A shares and the sale of 3,878 shares. The sale was executed to satisfy tax withholding obligations rather than as a discretionary portfolio decision.
What restricted stock unit grant does James Kuffner have at Symbotic (SYM)?
On November 23, 2024, James Kuffner received a grant of 116,977 restricted stock units. One-third vests on November 23, 2025, and the remaining units vest in equal quarterly installments, subject to his continued service with Symbotic.
How many restricted stock units remain for Symbotic (SYM) CTO James Kuffner?
After the May 2026 vesting and conversion of 9,749 restricted stock units, James Kuffner has 58,492 restricted stock units reported as remaining. Each unit represents a contingent right to receive one share of Symbotic’s Class A common stock.