Symbotic Inc.'s Chief Technology Officer James Kuffner sold 3,952 shares in a non-discretionary transaction to cover tax obligations from RSU vesting, according to an SEC Form 4 filing. The sale was executed at a weighted average price of $40.59 per share, totaling $160,412, and reduced his directly held stake to 219,858 shares, with an additional 48,744 derivative securities still held. The RSUs were part of a grant issued on November 23, 2024, totaling 116,977 units, vesting over a multi-year period through 2027. Symbotic's stock closed at $40.03 on August 24, 2026, near its 52-week low of $38.19, after SoftBank Group sold over $280 million in shares earlier this year. Despite the price decline, the company reported fiscal third-quarter revenue of $721 million, up 22% year-over-year, with a market capitalization of $25.7 billion.
Symbotic IncCTO sells shares to cover taxes, but this is routine and not material; stock near 52-week low after SoftBank sale.
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