SYM Form 4: Krasnow Moves 2,000 Holdings Units to Charity, Retains Voting Power
Rhea-AI Filing Summary
Todd Krasnow, a director of Symbotic Inc. (SYM), reported a transfer of 2,000 Symbotic Holdings Units and paired shares of Class V-1 common stock to the Todd and Deborah Krasnow Foundation on August 11, 2025. The Form 4 shows Mr. Krasnow retains voting and investment power over securities owned by the foundation as its trustee. Following the reported transaction, Mr. Krasnow directly beneficially owns 187,036 shares of Class V-1 common stock. The filing also discloses 180,000 Symbotic Holdings Units attributable to his spouse and related trust and 629,079 units held by Inlet View, Inc., of which he is President and CEO, with Mr. Krasnow disclaiming beneficial ownership except to the extent of any pecuniary interest. The Form clarifies that Class V-1 shares carry no economic rights and one vote per share, and that Symbotic Holdings Units are paired with V-1 shares and redeemable one-for-one for Class A common stock under the LLC agreement.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider charitable transfer; small change in direct holdings and retained voting control; no material shift in economic exposure.
The transfer of 2,000 Symbotic Holdings Units and paired Class V-1 shares to a charitable foundation is disclosed as a reported transaction. The reported direct beneficial ownership post-transaction is 187,036 Class V-1 shares. The filing also lists significant indirect holdings: 180,000 units associated with the reporting person’s spouse and trust, and 629,079 units held by Inlet View, Inc. The report states Class V-1 shares have no economic rights but carry one vote per share, and that Symbotic Holdings Units are redeemable for Class A common stock one-for-one under the holdings agreement. From a financial viewpoint, the disclosed transfer appears administrative/charitable and the filing does not indicate a material change to the reporting person’s economic stake in the company.
TL;DR: Director moved units to a foundation while retaining voting and investment power, a governance disclosure investors should note for control context.
The Form 4 discloses that Mr. Krasnow transferred 2,000 Symbotic Holdings Units and paired Class V-1 shares to the Todd and Deborah Krasnow Foundation and remains a trustee with voting and investment power over the foundation’s securities. The filing also documents indirect holdings through a spouse and a private entity where Mr. Krasnow is President and CEO, with disclaimers of beneficial ownership except for pecuniary interests. These disclosures clarify voting relationships and indirect ownership pathways relevant to board-level influence and control, but the described transfer itself does not appear to materially alter disclosed voting concentrations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Symbotic Holdings Units | 2,000 | $0.00 | -- |
| Gift | Class V-1 Common Stock | 2,000 | $0.00 | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| 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 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 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. On August 11, 2025, the Reporting Person transferred 2,000 Symbotic Holdings Units and an equal number of paired shares of Class V-1 common stock to the Todd and Deborah Krasnow Foundation, a charitable foundation of which the Reporting Person is a trustee. The Reporting Person has voting and investment power over all securities owned by the foundation. 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. 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.
