Symbotic (SYM) director Merline Saintil sells 3,414 shares in planned trade
Rhea-AI Filing Summary
Symbotic Inc. director Merline Saintil sold 3,414 shares of Class A Common Stock in open‑market transactions under a pre‑arranged Rule 10b5-1 trading plan. The sales on March 11, 2026 were executed at prices ranging from about $50 to $52 per share, leaving her with 75,344 shares owned directly.
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Insights
Director’s 3,414-share Rule 10b5-1 sale looks routine and modest.
Director Merline Saintil of Symbotic Inc. reported two open‑market sales of Class A Common Stock totaling 3,414 shares. The transactions were coded “S” and executed at average prices of $50.7575 and $51.4167 per share.
A footnote states the trades were made under a pre‑arranged Rule 10b5-1 trading plan entered on August 27, 2025, meaning timing was set in advance. Following the trades, she directly owns 75,344 shares, so the sale represents only a small portion of her reported holdings.
Prices were achieved through multiple executions within stated ranges, consistent with normal market trading. As disclosed, these are straightforward liquidity transactions by a board member, with no derivative exercises or tax-withholding events reported in this filing.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 3,114 | $50.7575 | $158K |
| Sale | Class A Common Stock | 300 | $51.4167 | $15K |
Footnotes (1)
- This transaction was executed pursuant to a trading plan entered into by the Reporting Person on August 27, 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 $50.17 to $51.16, 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 $51.18 to $51.65, 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.