Patrick Spence - Nov 6, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role
Chief Executive Officer, Director
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, 07:38 PM
Previous filing
Oct 25, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +4.53K +0.49% 930K Nov 6, 2023 Direct F1, F2
transaction SONO Common Stock Options Exercise +51.2K +5.51% 982K Nov 6, 2023 Direct F2, F3

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 +4.53K $0.00 4.53K Nov 6, 2023 Common Stock 4.53K Direct F2, F4
transaction SONO Performance Share Units Award $0 +4.2K $0.00 4.2K Nov 6, 2023 Common Stock 4.2K Direct F2, F5
transaction SONO Performance Share Units Award $0 +9.02K $0.00 9.02K Nov 6, 2023 Common Stock 9.02K Direct F2, F6
transaction SONO Performance Share Units Options Exercise -4.53K -100% 0 Nov 6, 2023 Common Stock 4.53K Direct F1, F2, F4
transaction SONO Performance Share Units Options Exercise -51.2K -100% 0 Nov 6, 2023 Common Stock 51.2K Direct F2, F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of performance share units ("PSUs") previously granted to the Reporting Person and earned in November 2023.
F2 Each PSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F3 Vesting of PSUs previously granted to the Reporting Person and earned in November 2021.
F4 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, 2020. Such PSUs vested on November 6, 2023.
F5 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, 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.
F6 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.
F7 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 as a result of the achievement of performance criteria, as determined by the Committee for fiscal 2021. These PSUs were granted on November 15, 2020. Such PSUs vested on November 6, 2023.