Quick Takeaways
- This page summarizes Patrick Spence's Form 4 filing for Sonos Inc (SONO).
- 4 reported transactions and 2 derivative rows are listed below.
- Filing timestamp: 17 May 2022, 17:54.
Patrick Spence - 15 May 2022 Form 4 Insider Report for Sonos Inc (SONO)
- Signature
- /s/ Robert Capilupi by power of attorney
- Issuer symbol
- SONO
- Transactions as of
- 15 May 2022
- Net transactions value
- -$559,140
- Form type
- 4
- Filing time
- 17 May 2022, 17:54:00 UTC
- Previous filing
- 20 Apr 2022
- Next filing
- 19 Jul 2022
- SEC
- View on sec.gov
Quoteable Key Fact
"Patrick Spence filed Form 4 for Sonos Inc (SONO) on 17 May 2022."
What Changed
- Previous filing in this sequence was filed on 20 Apr 2022.
- Current net transaction value: -$559,140.
Why This Matters
- 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.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SONO | Common Stock | Options Exercise | +49,811 | +7.4% | 718,780 | 15 May 2022 | Direct | F1, F2 | ||
| transaction | SONO | Common Stock | Tax liability | $559,140 | -24,697 | -3.4% | $22.64 | 694,083 | 15 May 2022 | 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 | -4,683 | -1.4% | $0.000000 | 340,052 | 15 May 2022 | Common Stock | 4,683 | Direct | F1, F2, F4 | |
| transaction | SONO | Restricted Stock Units | Options Exercise | $0 | -45,128 | -13% | $0.000000 | 294,924 | 15 May 2022 | Common Stock | 45,128 | 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 | These RSUs will vest on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1 following the vesting commencement date of November 15, 2021; 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. |
| F5 | 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. |