| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SONO | Common Stock | Options Exercise | $239K | +15.9K | $15.03 | 15.9K | Nov 15, 2021 | Direct | F1 | |
| transaction | SONO | Common Stock | Options Exercise | +28.9K | +181.81% | 44.8K | Nov 15, 2021 | Direct | F2, F3 | ||
| transaction | SONO | Common Stock | Tax liability | -$435K | -12.6K | -28.13% | $34.52 | 32.2K | Nov 15, 2021 | Direct | F4 |
| transaction | SONO | Common Stock | Sale | -$546K | -15.9K | -49.38% | $34.39 | 16.3K | Nov 15, 2021 | Direct | F1, F5 |
| transaction | SONO | Common Stock | Sale | -$561K | -16.3K | -100% | $34.44 | 0 | Nov 17, 2021 | Direct | F1, F6 |
| 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 | -15.9K | -7.03% | $0.00 | 210K | Nov 15, 2021 | Common Stock | 15.9K | $15.03 | Direct | F1, F7 |
| transaction | SONO | Restricted Stock Units | Award | $0 | +24K | +8.22% | $0.00 | 316K | Nov 15, 2021 | Common Stock | 24K | Direct | F3, F8 | |
| transaction | SONO | Restricted Stock Units | Options Exercise | $0 | -28.9K | -9.15% | $0.00 | 287K | Nov 15, 2021 | Common Stock | 28.9K | Direct | F2, F3, F9 |
| Id | Content |
|---|---|
| F1 | The reported transactions were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person. |
| F2 | Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| F3 | Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. |
| 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 | Represents the weighted average sales price per share. The shares sold at prices ranging from $34.355 to $34.50 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. |
| F6 | Represents the weighted average sales price per share. The shares sold at prices ranging from $34.29 to $34.625 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. |
| F7 | The stock options vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on September 5, 2018, until such time and the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date. |
| F8 | 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. |
| F9 | 1/16 of the shares subject to the RSUs will vest in equal installments on each quarterly anniversary date following the applicable vesting commencement date of 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. |