Edward P. Lazarus - Dec 15, 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role: CFO & CLO
Signature: /s/ Rebecca Schuster by power of attorney
Stock symbol: SONO
Transactions as of: Dec 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/19/2023, 04:26 PM
Previous filing: Nov 17, 2023
Next filing: Feb 20, 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	+108K	+76.65%	$0.00	248K	Dec 15, 2023	Common Stock	108K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F2	These RSUs will vest based on the following schedule: (i) 1/12 of the shares subject to the RSUs shall vest on November 15, 2024 and (ii) the remaining RSUs will vest quarterly over the next eleven quarters in equal quarterly installments, until such time as the RSUs are 100% vested, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.

Content

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

These RSUs will vest based on the following schedule: (i) 1/12 of the shares subject to the RSUs shall vest on November 15, 2024 and (ii) the remaining RSUs will vest quarterly over the next eleven quarters in equal quarterly installments, until such time as the RSUs are 100% vested, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.