Planned 10b5-1 sale by Symbotic (NASDAQ: SYM) director via LLC
Rhea-AI Filing Summary
Symbotic Inc. director Todd Krasnow reported an indirect sale of 4,000 shares of Class A Common Stock on January 5, 2026, executed under a Rule 10b5-1 trading plan. The shares were sold by Inlet View, Inc., an entity of which he is President and CEO, in multiple trades at prices ranging from $65.765 to $69.91. To facilitate this sale, 4,000 Symbotic Holdings Units, each paired with a Class V-1 Common Stock share, were redeemed on a one-for-one basis for 4,000 Class A shares, and the corresponding units and Class V-1 shares were canceled and retired for no consideration.
Following these transactions, Inlet View, Inc. is shown as indirectly holding 589,079 Symbotic Holdings Units. Krasnow is also reported as directly holding 194,036 Symbotic Holdings Units and 187,036 shares of Class V-1 Common Stock, with additional indirect interests reported through spouse and family trusts, while he disclaims beneficial ownership except to the extent of his pecuniary interest.
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FAQ
What insider transaction did Symbotic (SYM) disclose for Todd Krasnow?
The filing reports that an entity associated with director Todd Krasnow, Inlet View, Inc., sold 4,000 shares of Symbotic Inc. Class A Common Stock on January 5, 2026. The sale was made pursuant to a pre-established Rule 10b5-1 trading plan.
Who actually sold the Symbotic (SYM) shares in this Form 4 filing?
The 4,000 Class A shares were sold indirectly through Inlet View, Inc. The filing states that Todd Krasnow may be considered the beneficial owner of securities held by Inlet View, Inc. because he is its President and CEO, while he disclaims beneficial ownership except to the extent of his pecuniary interest.
At what prices were the 4,000 Symbotic (SYM) shares sold?
The Class A shares were sold in multiple transactions at prices reported in ranges, including $65.765 to $66.475, $66.875 to $67.695, $67.775 to $68.695, $68.77 to $69.725, and $69.815 to $69.91, in line with SEC guidance on aggregate reporting of same-day trades.
What are Symbotic Holdings Units mentioned in the Symbotic (SYM) Form 4?
Symbotic Holdings Units represent limited liability company units of Symbotic Holdings LLC paired with an equal number of Class V-1 Common Stock shares. According to the filing, they are redeemable one-for-one for Class A Common Stock of Symbotic Inc., subject to adjustment for events like stock splits and similar transactions. Upon redemption, the units and the paired Class V-1 shares are canceled and retired for no consideration.
What is Class V-1 Common Stock of Symbotic Inc. and does it have economic rights?
The filing explains that Class V-1 Common Stock has no economic rights. Each share entitles its holder to one vote per share. These shares are paired with Symbotic Holdings Units and are canceled and retired when the corresponding units are redeemed for Class A Common Stock.
What Symbotic (SYM) interests does Todd Krasnow report holding after these transactions?
After the reported transactions, the filing shows 589,079 Symbotic Holdings Units indirectly held through Inlet View, Inc., 194,036 Symbotic Holdings Units held directly, and 187,036 shares of Class V-1 Common Stock held directly. Additional indirect holdings are reported through a spouse and family trusts, with disclaimed beneficial ownership except for any pecuniary interest.
Were any Symbotic (SYM) shares held through trusts or a spouse in this Form 4?
Yes. The filing notes 40,000 shares of Class A Common Stock held by two charitable remainder trusts and 180,000 Symbotic Holdings Units held indirectly through the reporting person’s spouse and a 2024 irrevocable trust. The reporting person disclaims beneficial ownership of the spouse’s and trust-held securities except to the extent of any indirect pecuniary interest.