Symbotic (SYM) reports trust restructuring of Class V shares and units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Symbotic Inc. insider-related trusts reported a restructuring of their holdings, with no open-market buying or selling. On May 15, 2026, the 2014 QSST F/B/O Perry Cohen distributed 384,222 shares of Class V-1 common stock, 12,469,262 shares of Class V-3 common stock and 12,853,484 Symbotic Holdings Units to other trusts for the same beneficiary. These positions, along with large indirect holdings in Tilia Mill Trust, Serenade QSST Trust and The RBC Millennium Trust, are reported as indirect ownership of David A. Ladensohn, who disclaims beneficial ownership of all such securities. Symbotic Holdings Units are paired with Class V-1 or V-3 shares and are redeemable on a one-for-one basis for Class A common stock under Symbotic Holdings’ limited liability company agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
11 transactions reported
Mixed
11 txns
Insider
Ladensohn David A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Symbotic Holdings Units | 12,853,484 | $0.00 | -- |
| Other | Class V-1 Common Stock | 384,222 | $0.00 | -- |
| Other | Class V-3 Common Stock | 12,469,262 | $0.00 | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Symbotic Holdings Units | -- | -- | -- |
| holding | Class V-1 Common Stock | -- | -- | -- |
| holding | Class V-1 Common Stock | -- | -- | -- |
| holding | Class V-3 Common Stock | -- | -- | -- |
| holding | Class V-3 Common Stock | -- | -- | -- |
| holding | Class V-3 Common Stock | -- | -- | -- |
Holdings After Transaction:
Symbotic Holdings Units — 0 shares (Indirect, By The 2014 QSST F/B/O Perry Cohen);
Class V-1 Common Stock — 0 shares (Indirect, By The 2014 QSST F/B/O Perry Cohen);
Class V-3 Common Stock — 0 shares (Indirect, By The 2014 QSST F/B/O Perry Cohen)
Footnotes (1)
- On May 15, 2026, the 2014 QSST F/B/O Perry Cohen (the "2014 QSST") distributed 384,222 shares of Class V-1 common stock, 12,469,262 shares of Class V-3 common stock and 12,853,484 paired Symbotic Holdings Units to other trusts for the benefit of the beneficiary of the 2014 QSST at the instruction of the trustee of the 2014 QSST. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the 2014 QSST F/B/O Perry Cohen, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the Tilia MillTrust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owners of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. David A. Ladensohn may be considered the beneficial owner of shares of securities held of record by the Serenade QSST Trust, in which Mr. Ladensohn is a trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. David A. Ladensohn may be considered the beneficial owner of securities held of record by The RBC Millennium Trust, in which Mr. Ladensohn is a co-trustee. Mr. Ladensohn disclaims beneficial ownership of such securities. The filing of this Form 4 shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose. 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 or Class V-3 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 or Class V-3 Common Stock, as applicable.
Key Figures
Class V-1 shares redistributed: 384,222 shares
Class V-3 shares redistributed: 12,469,262 shares
Symbotic Holdings Units redistributed: 12,853,484 units
+5 more
8 metrics
Class V-1 shares redistributed
384,222 shares
Distributed by 2014 QSST on May 15, 2026
Class V-3 shares redistributed
12,469,262 shares
Distributed by 2014 QSST on May 15, 2026
Symbotic Holdings Units redistributed
12,853,484 units
Distributed by 2014 QSST on May 15, 2026
Symbotic Holdings Units – Serenade QSST
12,062,032 underlying shares
Indirect position, redeemable into Class A common stock
Symbotic Holdings Units – Tilia Mill Trust
14,378,979 underlying shares
Indirect position, redeemable into Class A common stock
Symbotic Holdings Units – RBC Millennium Trust
151,561,831 underlying shares
Indirect position, redeemable into Class A common stock
Restructuring transactions
3 entries
Transaction code J, other acquisition or disposition
Reported restructuring shares
25,706,968 securities
Aggregate restructuringShares in transaction summary
Key Terms
Symbotic Holdings Units, Class V-3 common stock, QSST, beneficial owner, +2 more
6 terms
Symbotic Holdings Units financial
"The term "Symbotic Holdings Units" is used herein to represent limited liability company units of Symbotic Holdings..."
Class V-3 common stock financial
"distributed 384,222 shares of Class V-1 common stock, 12,469,262 shares of Class V-3 common stock..."
QSST financial
"the 2014 QSST F/B/O Perry Cohen (the "2014 QSST") distributed 384,222 shares..."
beneficial owner financial
"may be considered the beneficial owner of shares of securities held of record by the 2014 QSST..."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Section 16 of the Exchange Act regulatory
"shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act..."
limited liability company agreement financial
"pursuant to the limited liability company agreement of Symbotic Holdings, are together redeemable..."
A limited liability company agreement is the legal contract that lays out who owns a limited liability company, how it is run, how profits and losses are shared, and the rules for major decisions, transfers and exits. For investors it functions like an operating manual or roadmap: it determines control rights, payout priority, dispute resolution and protections against personal liability, so it directly affects risk, governance and how and when investors can realize returns.
FAQ
What did the Symbotic (SYM) Form 4 filing by David A. Ladensohn report?
The Form 4 reports a restructuring among trusts associated with David A. Ladensohn. The 2014 QSST distributed Class V-1 and V-3 common stock plus Symbotic Holdings Units to other trusts for the same beneficiary, with no open-market purchases or sales disclosed.
What securities were redistributed by the 2014 QSST in the Symbotic (SYM) filing?
The 2014 QSST redistributed 384,222 shares of Class V-1 common stock, 12,469,262 shares of Class V-3 common stock and 12,853,484 Symbotic Holdings Units. These were transferred to other trusts for the same beneficiary at the instruction of the QSST trustee.
How does the Symbotic (SYM) filing describe Symbotic Holdings Units?
Symbotic Holdings Units represent LLC units of Symbotic Holdings paired with an equal number of Class V-1 or V-3 shares. They are redeemable on a one-for-one basis for Class A common stock, with the paired Class V shares cancelled upon redemption under the company’s LLC agreement.
Does David A. Ladensohn claim beneficial ownership of the Symbotic (SYM) trust holdings?
The filing states that David A. Ladensohn may be considered a beneficial owner as trustee or co‑trustee but explicitly disclaims beneficial ownership. It notes that the Form 4 should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.
What continuing Symbotic (SYM) derivative positions do the trusts report?
Trusts associated with David A. Ladensohn report indirect holdings of Symbotic Holdings Units, each redeemable into Class A stock. These include 12,062,032 underlying shares, 14,378,979 underlying shares and 151,561,831 underlying shares in separate trusts, all at an exercise price of 0.0000 per unit.