Shamayne Braman - 06 Nov 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief People Officer
Signature: /s/ Rebecca Schuster by power of attorney
Issuer symbol: SONO
Transactions as of: 06 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Nov 2023, 19:14:15 UTC
Previous filing: 17 Aug 2023
Next filing: 17 Nov 2023
SEC: View on sec.gov

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	SONO	Performance Share Units	Award	$0	+1,803		$0.000000	1,803	06 Nov 2023	Common Stock	1,803		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance share unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F2	Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). These PSUs were granted on November 15, 2022. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of performance criteria for fiscal 2023, as determined by the Committee on November 6, 2023. PSUs awards have a three-year vesting term based on continued employment, and, to the extent earned, will vest upon Committee approval of performance attainment at the end of the three-year term.

Content

Each performance share unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.

Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). These PSUs were granted on November 15, 2022. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of performance criteria for fiscal 2023, as determined by the Committee on November 6, 2023. PSUs awards have a three-year vesting term based on continued employment, and, to the extent earned, will vest upon Committee approval of performance attainment at the end of the three-year term.