Tax-driven share sale follows RSU vesting at Symbotic (SYM)
Rhea-AI Filing Summary
Symbotic Inc. officer Maria G. Freve reported RSU vesting and a related share sale. On April 23, 4,600 restricted stock units converted into an equal number of Class A common shares at a $0.00 exercise price. On April 24, 2,335 Class A shares were sold at an average of $60.0773 per share.
According to the disclosure, this sale was a mandatory “sell to cover” transaction to satisfy tax withholding obligations tied to the RSU vesting and did not represent a discretionary trade. After these moves, Freve directly holds 3,004 Class A shares, which include 200 shares acquired under Symbotic’s 2022 Employee Stock Purchase Plan, along with remaining unvested RSUs referenced in the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Freve Maria G
Role
See Remarks
Sold
2,335 shs ($140K)
Approx. gross sale proceeds
$140K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,335 | $60.0773 | $140K |
| Exercise | Restricted Stock Units | 1,144 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,456 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,144 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 3,456 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 28,774 shares (Direct);
Class A Common Stock — 3,004 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A common stock.
- F2. Includes 200 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 $59.98 to $60.19, 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, 2024, the Reporting Person was granted 13,727 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on April 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.
- F6. On January 23, 2025, the Reporting Person was granted 41,478 restricted stock units that vest as follows: 1/3 of the restricted stock units vest on January 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: 2,335 shares
Average sale price: $60.0773 per share
Shares from RSU conversion: 4,600 shares
+4 more
7 metrics
Shares sold
2,335 shares
Class A common stock sold on April 24, 2026
Average sale price
$60.0773 per share
Tax-related sale of Class A shares
Shares from RSU conversion
4,600 shares
Restricted stock units converted on April 23, 2026
Shares held after transactions
3,004 shares
Direct Class A holdings following reported activity
Net buy/sell shares
-2,335 shares
Net share disposition across buy/sell activity
RSUs remaining (grant 1)
24,198 units
Restricted stock units remaining after April 23, 2026 activity
RSUs remaining (grant 2)
4,576 units
Additional restricted stock units remaining after activity
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
"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.
Rule 16b-3(d) regulatory
"acquired ... under the ... Employee Stock Purchase Plan in 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
"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.
Employee Stock Purchase Plan financial
"acquired on February 27, 2026 under the Symbotic Inc. 2022 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Symbotic (SYM) officer Maria G. Freve report?
Maria G. Freve reported RSU vesting and a related share sale. 4,600 restricted stock units converted into Class A shares on April 23, then 2,335 shares were sold on April 24 to cover tax withholding obligations.
What RSU activity did Maria G. Freve report for Symbotic (SYM)?
She reported the conversion of 4,600 restricted stock units into an equal number of Class A common shares at a $0.00 exercise price. The filing also notes remaining restricted stock units outstanding in her awards after this vesting event.
What do the Symbotic (SYM) RSU grant footnotes say about Maria G. Freve’s awards?
Footnotes describe RSU grants made on April 23, 2024 and January 23, 2025. Each grant vests one-third on the first anniversary date, then one‑twelfth quarterly thereafter, subject to the reporting person’s continued service with Symbotic on each vesting date.