Symbotic director Charles Kane sells $78,000 of Class A stock

Symbotic Inc. (NASDAQ:SYM) director Charles Kane sold 2,000 shares of the company’s Class A Common Stock on September 1, 2026, generating $78,000. The sale occurred in accordance with a pre-arranged trading plan established in December 2025, and the shares were sold at a price of $39 each. Despite the sale, Symbotic’s stock remains down 30% year-to-date, trading at $41.60.

The company reported strong financial results for its fiscal third quarter, with a 22% increase in revenue to $721 million, more than doubled adjusted EBITDA to $95 million, and a GAAP profit of $55 million. However, the market reacted negatively to the news, possibly due to concerns over future margin improvements and a modest short-term outlook.

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