Symbotic Director Charles Kane Sells 2,000 Shares Under Rule 10b5-1 Plan
Symbotic Inc.
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Filing Summary
📊 Insider Transaction Report | Symbotic Inc. ($SYM)
Insider: Charles Kane Title: Director Transaction Date: November 2, 2026 Filing Date: November 4, 2026
Details:
- Type: Open Market Sale (Rule 10b5-1)
- Shares Sold: 2,000 Class A Common Stock
- Average Price: ~$38.44 (Tranches: $37.46 - $39.68)
- Total Consideration: ~$76,874.50
- Post-Transaction Holdings: 89,852 Class A shares (+ 579,353 paired units/Class V-1 shares)
Significance: Low (Scheduled 10b5-1 transaction following unit redemption, minimal portfolio impact).
Comprehensive Analysis
Transaction Overview
On November 2, 2026, Symbotic Inc. Director Charles Kane completed a routine redemption and sale involving 2,000 shares of Class A Common Stock.
- Redemption: The insider redeemed 2,000 Symbotic Holdings Units (along with the paired cancellation of 2,000 shares of Class V-1 Common Stock) on a one-for-one basis for 2,000 shares of Class A Common Stock.
- Open Market Sales: The 2,000 acquired Class A shares were subsequently sold in three tranches:
- 600 shares at a weighted average price of $37.4625 (ranging from $37.16 to $37.79)
- 1,000 shares at a weighted average price of $38.5270 (ranging from $38.21 to $38.97)
- 400 shares at a weighted average price of $39.6750 (ranging from $39.30 to $39.97)
Total aggregate proceeds from the sale totaled $76,874.50, reflecting a volume-weighted average price of approximately $38.44 per share.
Trading Context & Significance
- Pre-Arranged Trading Plan: The transaction was executed under a Rule 10b5-1 trading plan established on December 8, 2025.
- Remaining Holdings: Following these transactions, Charles Kane directly holds 89,852 shares of Class A Common Stock and 579,353 Symbotic Holdings Units (paired with an equal number of Class V-1 shares).
- Market Impact: Rated Low. The disposition represents a fractional portion of Kane's total beneficial ownership and was carried out systematically via an affirmative Rule 10b5-1 defense plan.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.
