Patrick Spence - Nov 7, 2022 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
Nov 7, 2022
Transactions value $
$0
Form type
4
Date filed
11/9/2022, 05:26 PM
Previous filing
Aug 17, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +250K +33.24% 1M Nov 7, 2022 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 Performance Share Units Options Exercise $0 -250K -100% $0.00* 0 Nov 7, 2022 Common Stock 250K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of performance stock units ("PSUs") previously granted to the Reporting Person and earned in November 2021.
F2 Each PSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F3 Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). The Committee determined achievement of such goals for fiscal 2021 at a level of 190.2%. Such PSUs vested on November 7, 2022.