Nicholas Millington - Nov 6, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief Innovation 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, 07:25 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	+2.7K		$0.00	2.7K	Nov 6, 2023	Common Stock	2.7K		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"). 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 awarded 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.

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"). 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 awarded 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.