Maxime Bouvat-Merlin - Nov 6, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role
Chief Product Officer
Signature
/s/ Rebecca Schuster by power of attorney
Stock symbol
SONO
Transactions as of
Nov 6, 2023
Transactions value $
$0
Form type
4
Date filed
11/8/2023, 07:17 PM
Previous filing
Aug 17, 2023
Next filing
Nov 17, 2023

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 +1.43K $0.00 1.43K Nov 6, 2023 Common Stock 1.43K Direct F1, F2
transaction SONO Performance Share Units Award $0 +3.07K $0.00 3.07K Nov 6, 2023 Common Stock 3.07K Direct F1, F3
* 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"). The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2021. 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.
F3 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 Committee. The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2022. 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.