Christopher Scott Mason - 15 Nov 2024 Form 4 Insider Report for Sonos Inc (SONO)

Signature
/s/ Rebecca Schuster by power of attorney
Issuer symbol
SONO
Transactions as of
15 Nov 2024
Net transactions value
-$29,879
Form type
4
Filing time
19 Nov 2024, 17:01:43 UTC
Previous filing
04 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +5,516 +3.1% 184,733 15 Nov 2024 Direct F1, F2
transaction SONO Common Stock Tax liability $29,879 -2,173 -1.2% $13.75 182,560 15 Nov 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 -169 -0.32% $0.000000 52,307 15 Nov 2024 Common Stock 169 Direct F1, F2, F4
transaction SONO Restricted Stock Units Options Exercise $0 -1,712 -3.3% $0.000000 50,595 15 Nov 2024 Common Stock 1,712 Direct F1, F2, F5
transaction SONO Restricted Stock Units Options Exercise $0 -3,635 -7.2% $0.000000 46,960 15 Nov 2024 Common Stock 3,635 Direct F1, F2, F6
transaction SONO Restricted Stock Units Award $0 +58,174 +124% $0.000000 105,134 15 Nov 2024 Common Stock 58,174 Direct F2, F6
transaction SONO Restricted Stock Units Award $0 +20,777 +20% $0.000000 125,911 15 Nov 2024 Common Stock 20,777 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Christopher Scott Mason is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 These RSUs will vest on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1 following the vesting commencement date of November 15, 2021; 12.5% of the shares subject to the RSU will vest quarterly in year 2; and 6.25% of the shares subject to the RSU will vest quarterly in year 3, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.
F5 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
F6 1/16 of the shares subject to the RSUs vest in equal installments beginning November 15, 2024 and on each quarterly anniversary date 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
F7 100% of the shares subject to the RSUs will vest on November 15, 2025, subject to the continuing employment of the Reporting Person on the vesting date. The RSUs are subject to double-trigger acceleration.