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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Symbotic Holdings Units | 4,000 | $0.00 | -- |
| Other | Class V-1 Common Stock | 4,000 | $0.00 | -- |
| Other | Class A Common Stock | 4,000 | $0.00 | -- |
| Sale | Class A Common Stock | 176 | $66.2625 | $12K |
| Sale | Class A Common Stock | 392 | $67.3874 | $26K |
| Sale | Class A Common Stock | 1,222 | $68.3644 | $84K |
| Sale | Class A Common Stock | 2,158 | $69.1629 | $149K |
| Sale | Class A Common Stock | 52 | $69.8662 | $4K |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class V-1 Common Stock | -- | -- | -- |
| holding | Class V-1 Common Stock | -- | -- | -- |
Footnotes (1)
- Shares of Class V-1 Common Stock of the Issuer have no economic rights and each share of Class V-1 Common Stock entitles its holder to 1 vote per share. The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings LLC ("Symbotic Holdings") and an equal number of paired shares of Class V-1 Common Stock of the Issuer, which, pursuant to the limited liability company agreement of Symbotic Holdings, are 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. On Janury 5, 2026, the Reporting Person sold 4,000 shares of Class A Common Stock pursuant to a trading plan entered into by the Reporting Person on February 19, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Stock Sale"). In connection with the Stock Sale and pursuant to the terms of the trading plan, effective January 5, 2026, the Reporting Person redeemed 4,000 Symbotic Holdings Units in exchange for an equal number of shares of Class A Common Stock (the "Redemption"). In connection with the Redemption, Symbotic Holdings canceled the Symbotic Holdings Units, and the Issuer canceled and retired for no consideration the redeemed 4,000 shares of Class V-1 Common Stock. Todd Krasnow may be considered the beneficial owner of securities held by Inlet View, Inc., of which Mr. Krasnow is the President and CEO. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. This transaction was executed pursuant to a trading plan entered into by the Reporting Person on February 19, 2025, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. 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 $65.765 to $66.475, 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. 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 $66.875 to $67.695, 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. 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 $67.775 to $68.695, 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. 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 $68.77 to $69.725, 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. 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 $69.815 to $69.91, 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. Mr. Krasnow may be considered the beneficial owner of 20,000 shares of Class A Common Stock held by the Krasnow Family 2019 Charitable Remainder Trust and 20,000 shares of Class A Common Stock held by the Todd and Deborah Krasnow CRUT, both of which are trusts for which Mr. Krasnow is trustee and to which Mr. Krasnow is a beneficiary. Mr. Krasnow disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. Consists of (i) 30,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock held by the Reporting Person's spouse and (ii) 150,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock held by the Todd J. Krasnow 2024 Irrevocable Trust, in which the Reporting Person's spouse acts as trustee and to which members of the Reporting Person's immediate family have a pecuniary interest. The Reporting Person disclaims beneficial ownership of the securities held by his spouse. The Reporting Person does not have voting or investment control over the securities held by the Todd J. Krasnow 2024 Irrevocable Trust and disclaims beneficial ownership of such securities except to the extent that the Reporting Person may be considered to have an indirect pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the spouse's securities or the securities held by the trust for purposes of Section 16 or for any other purpose.
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.
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.