Patrick Spence - Jul 15, 2021 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief Executive Officer, Director
Signature: /s/ Robert Capilupi by power of attorney
Stock symbol: SONO
Transactions as of: Jul 15, 2021
Transactions value $: -$1,734,922
Form type: 4
Date filed: 7/16/2021, 05:14 PM
Previous filing: May 18, 2021
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	$432K	+98.8K	+40.95%	$4.38	340K	Jul 15, 2021	Direct	F1
transaction	SONO	Common Stock	Sale	-$6.8K	-200	-0.06%	$34.02	340K	Jul 15, 2021	Direct	F1
transaction	SONO	Common Stock	Sale	-$2.16M	-65K	-19.13%	$33.22	275K	Jul 15, 2021	Direct	F1, F2

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	Employee Stock Option (right to buy)	Options Exercise	$0	-98.8K	-20%	$0.00	395K	Jul 15, 2021	Common Stock	98.8K	$4.38	Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transactions were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
F2	Represents the weighted average sales price per share. The shares sold at prices ranging from $32.92 to $33.85 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
F3	The stock option is fully vested.
F4	Column 9 has been updated to reflect the correct number of options beneficially owned following reported transaction under this grant by including 54,046 options reflected on Form 4 filed December 3, 2020.