Deirdre Findlay - Nov 15, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role
Chief Commercial Officer
Signature
/s/ Rebecca Schuster by power of attorney
Stock symbol
SONO
Transactions as of
Nov 15, 2023
Transactions value $
$0
Form type
4
Date filed
11/17/2023, 05:54 PM
Previous filing
Aug 10, 2023
Next filing
Aug 9, 2024

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 Restricted Stock Units Award $0 +175K $0.00 175K Nov 15, 2023 Common Stock 175K Direct F1, F2
transaction SONO Restricted Stock Units Award $0 +69.2K +39.47% $0.00 244K Nov 15, 2023 Common Stock 69.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F2 1/4 of the RSUs will vest on November 15, 2024, and 1/12 of the RSUs will vest on each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.
F3 One half of the shares subject to the RSUs will vest on each of the one year and two year anniversaries of the grant date of November 15, 2023, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.