Shamayne Braman - 15 May 2024 Form 4 Insider Report for Sonos Inc (SONO)

Role
Chief People Officer
Signature
/s/ Rebecca Schuster by power of attorney
Issuer symbol
SONO
Transactions as of
15 May 2024
Net transactions value
-$49,189
Form type
4
Filing time
17 May 2024, 17:51:00 UTC
Previous filing
20 Feb 2024
Next filing
19 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +9,280 +46% 29,428 15 May 2024 Direct F1, F2
transaction SONO Common Stock Tax liability $49,189 -2,840 -9.7% $17.32 26,588 15 May 2024 Direct 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 Restricted Stock Units Options Exercise $0 -1,218 -1.2% $0.000000 101,189 15 May 2024 Common Stock 1,218 Direct F1, F2, F4
transaction SONO Restricted Stock Units Options Exercise $0 -8,062 -8% $0.000000 93,127 15 May 2024 Common Stock 8,062 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F3 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were withheld by the Issuer in accordance with the agreement governing the RSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs.
F4 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the applicable vesting commencement date, 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.
F5 1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the applicable vesting commencement date, 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.