Patrick Spence - 15 Nov 2024 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief Executive Officer, Director
Signature: /s/ Rebecca Schuster by power of attorney
Issuer symbol: SONO
Transactions as of: 15 Nov 2024
Net transactions value: -$305,855
Form type: 4
Filing time: 19 Nov 2024, 18:07:30 UTC
Previous filing: 05 Nov 2024
Next filing: 11 Aug 2025
SEC: View on sec.gov

Key filing fact

Patrick Spence filed Form 4 for Sonos Inc (SONO) on 19 Nov 2024.

Key facts

This page summarizes Patrick Spence's Form 4 filing for Sonos Inc (SONO).
6 reported transactions and 4 derivative rows are listed below.
Filing timestamp: 19 Nov 2024, 18:07.

Change

Previous filing in this sequence was filed on 05 Nov 2024.
Current net transaction value: -$305,855.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

SONO transaction

Common Stock

Options Exercise

Transaction value
Shares: +42,360
Change %: +4%
Price
Shares after: 1,102,887
Date: 15 Nov 2024
Ownership: Direct
Footnotes: F1, F2

SONO transaction

Common Stock

Tax liability

Transaction value: $305,855
Shares: -22,244
Change %: -2%
Price: $13.75
Shares after: 1,080,643
Date: 15 Nov 2024
Ownership: Direct
Footnotes: F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,052
Change %: -2%
Price: $0.000000
Shares after: 244,643
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,052
Exercise price
Footnotes: F1, F2, F4

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,684
Change %: -1.9%
Price: $0.000000
Shares after: 239,959
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,684
Exercise price
Footnotes: F1, F2, F5

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -32,624
Change %: -14%
Price: $0.000000
Shares after: 207,335
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 32,624
Exercise price
Footnotes: F1, F2, F6

SONO transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +188,958
Change %: +91%
Price: $0.000000
Shares after: 396,293
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 188,958
Exercise price
Footnotes: F2, F7

* 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	These RSUs will vest based on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1; 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.
F6	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.
F7	1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2024, 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.