| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SONO | Common Stock | Options Exercise | +93K | +303.56% | 124K | Nov 15, 2024 | Direct | F1, F2, F3 | ||
| transaction | SONO | Common Stock | Tax liability | -$485K | -35.3K | -28.56% | $13.75 | 88.3K | Nov 15, 2024 | Direct | F4 |
| 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 | -34.6K | -14.15% | $0.00 | 210K | Nov 15, 2024 | Common Stock | 34.6K | Direct | F1, F2, F5 | |
| transaction | SONO | Restricted Stock Units | Options Exercise | $0 | -58.4K | -27.84% | $0.00 | 151K | Nov 15, 2024 | Common Stock | 58.4K | Direct | F1, F2, F6 |
| 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 | Ms. Findlay was granted 10,011 RSUs on March 9, 2023, which were scheduled to vest in full on the earlier of March 9, 2024 or the next annual meeting of stockholders, subject to her continued service on the Company's Board of Directors (the "Board"). Ms. Findlay resigned from the Board effective October 3, 2023, in connection with her acceptance of a position with the Company as Chief Commercial Officer, thus her RSUs vested on a pro rata basis. The reported amount has been reduced by 5,005 as compared to Ms. Findlay's prior Form 4 to reflect forfeited shares. |
| F4 | 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. |
| F5 | One half of the shares subject to the RSUs vest on each of the one year and two year anniversaries of the grant date of November 15, 2023, 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 | 1/3 of the RSUs vested on November 15, 2024, and 1/12 of the RSUs vest on each quarterly anniversary 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. |