SVF Sponsor III (DE) LLC - Jun 7, 2022 Form 4 Insider Report for Symbotic Inc. (SYM)

Role
10%+ Owner
Signature
/s/ Jonathan Duckles, as attorney-in-fact as Authorized
Stock symbol
SYM
Transactions as of
Jun 7, 2022
Transactions value $
$0
Form type
4
Date filed
6/9/2022, 08:47 PM
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SYM Class A Common Stock, par value $0.0001 per share Options Exercise +7.85M +633.06% 9.09M Jun 7, 2022 Direct F1, F2
transaction SYM Class A Common Stock, par value $0.0001 per share Options Exercise +1.04M +12.92% 9.09M Jun 7, 2022 Direct F1, F3
transaction SYM Class A Common Stock, par value $0.0001 per share Options Exercise +200K +2.25% 9.09M Jun 7, 2022 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SYM Class B Ordinary Shares, par value $0.0001 per share Options Exercise -7.85M -100% 0 Jun 7, 2022 Class A Common Stock Direct F1, F2
transaction SYM Class A Ordinary Shares, par value $0.0001 per share Options Exercise -1.04M -100% 0 Jun 7, 2022 Class A Common Stock Direct F1, F3
transaction SYM Class A Ordinary Shares, par value $0.0001 per share Options Exercise -200K -100% 0 Jun 7, 2022 Class A Common Stock Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

SVF Sponsor III (DE) LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On June 7, 2022, SVF Investment Corp. 3 (the "Issuer") consummated its business combination with Warehouse Technologies LLC, Symbotic Holdings LLC and Saturn Acquisition (DE) Corp. As described in the Issuer's Post-Effective Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-262529) filed with the U.S. Securities and Exchange Commission on May 23, 2022, the shares of Class A ordinary shares of the Issuer, par value $0.0001 per share (the "Class A Ordinary Shares"), automatically converted into shares of Class A common stocks of Symbotic Inc, par value $0.0001 per share (the "Class A Common Stock"), at the time of the Issuer's business combination, in each case, on a one-for-one basis.
F2 As described in the Registration Statement, the shares of Class B ordinary shares of the Issuer, par value $0.0001 per share (the "Class B Ordinary Shares"), automatically converted into shares of Class B common stock of Symbotic Inc., par value $0.0001 per share (the "Class B Common Stock"), which shares of Class B Common Stock automatically converted into shares of Class A Common Stock at the time of the Issuer's business combination, in each case, on a one-for-one basis. Pursuant to the sponsor letter agreement dated as of December 12, 2021 by and among the Issuer, certain insiders of the Issuer, the Reporting Person and Warehouse (the "Sponsor Letter Agreement"), 60% of such shares were immediately vested upon the closing of the business combination with the remaining 40% being subject to vesting upon the occurrence of certain triggering events.
F3 The Class A Ordinary Shares were received pursuant to a private placement with the Reporting Person for 1,040,000 shares at a price of $10.00 per share, which shares were automatically converted into shares of Class A Common Stock upon the consummation of the Issuer's business combination. Pursuant to the Sponsor Letter Agreement, 60% of such shares were immediately vested upon the closing of the business combination with the remaining 40% being subject to vesting upon the occurrence of certain triggering events.
F4 The Class A Ordinary Shares were received upon the conversion of working capital loans into 200,000 Class A Ordinary Shares, which shares were automatically converted into shares of Class A Common Stock upon the consummation of the Issuer's business combination.