Nicholas Millington - Jul 1, 2024 Form 4 Insider Report for Sonos Inc (SONO)

Signature
/s/ Rebecca Schuster by power of attorney
Stock symbol
SONO
Transactions as of
Jul 1, 2024
Transactions value $
-$26,475
Form type
4
Date filed
7/2/2024, 04:57 PM
Previous filing
May 17, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise $87.2K +7.73K +2.08% $11.28 379K Jul 1, 2024 Direct F1
transaction SONO Common Stock Sale -$114K -7.73K -2.04% $14.70 372K Jul 1, 2024 Direct F1

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 Employee Stock Option (Right to Buy) Options Exercise $0 -7.73K -100% $0.00* 0 Jul 1, 2024 Common Stock 7.73K $11.28 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 20, 2024.
F2 The stock option is fully vested.