Patrick Spence - Sep 20, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Signature
/s/ Rebecca Schuster, by power of attorney
Stock symbol
SONO
Transactions as of
Sep 20, 2023
Transactions value $
-$603,446
Form type
4
Date filed
9/21/2023, 09:31 AM
Previous filing
Sep 18, 2023
Next filing
Oct 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Sale -$603K -45K -4.64% $13.41 926K Sep 20, 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 23, 2023.
F2 This sale of shares is for the sole purpose of covering the Reporting Person's personal income tax obligations with respect to the exercise of Company stock options in 2022.
F3 Represents the weighted average sales price per share. The shares sold at prices ranging from $13.21 to $13.50 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.