Nicholas Millington - May 15, 2021 Form 4 Insider Report for Sonos Inc (SONO)

Signature
/s/ Robert Capilupi, by power of attorney
Stock symbol
SONO
Transactions as of
May 15, 2021
Transactions value $
-$1,378,340
Form type
4
Date filed
5/18/2021, 04:49 PM
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +82.1K +65.22% 208K May 15, 2021 Direct F1, F2
transaction SONO Common Stock Tax liability -$1.38M -40.7K -19.57% $33.88 167K May 15, 2021 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 -29.4K -7.24% $0.00 377K May 15, 2021 Common Stock 29.4K Direct F1, F2, F4
transaction SONO Restricted Stock Units Options Exercise $0 -52.6K -13.96% $0.00 324K May 15, 2021 Common Stock 52.6K Direct F1, F2, F5
* 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 1/2 of the shares subject to the RSUs vest in equal installments on each anniversary date following the vesting commencement date of May 15, 2020, 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.