Edward P. Lazarus - Nov 1, 2024 Form 4 Insider Report for Sonos Inc (SONO)

Role
Chief Legal & Strategy Officer
Signature
/s/ Rebecca Schuster by power of attorney
Stock symbol
SONO
Transactions as of
Nov 1, 2024
Transactions value $
-$9,974
Form type
4
Date filed
11/5/2024, 05:10 PM
Previous filing
Sep 4, 2024
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +1.57K +0.47% 333K Nov 1, 2024 Direct F1, F2
transaction SONO Common Stock Tax liability -$9.97K -796 -0.24% $12.53 332K Nov 1, 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 Performance Share Units Options Exercise $0 -1.57K -100% $0.00 0 Nov 1, 2024 Common Stock 1.57K Direct F1, F2, F4
* 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 Reflects shares withheld to cover tax liability with respect to the vesting of PSUs. 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 PSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and subsequent settlement of PSUs.
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, 2021. Such PSUs vested on November 1, 2024.