The sale was non-discretionary, executed to satisfy tax obligations from vesting restricted stock units, per SEC filing.
Symbotic Inc. (NASDAQ:SYM) Chief Technology Officer James Kuffner sold 3,952 shares at a weighted average price of $40.59, according to an SEC Form 4 filing. The transaction was mandatory, with shares withheld by the company to cover tax liabilities triggered by the vesting of restricted stock units (RSUs).
Kuffner retains direct ownership of 219,858 shares and holds 48,744 derivative securities, including vested and unvested awards. The RSUs were part of a grant issued on November 23, 2024, vesting over a multi-year period through 2027. Symbotic’s stock closed at $40.03 on August 24, 2026, reflecting a one-year return of -13%.
The filing clarified the sale does not reflect the insider’s view on the stock’s performance or outlook.