Shamayne Braman - 11 Jan 2023 Form 3 Insider Report for Sonos Inc (SONO)

Signature
/s/ Rebecca Schuster, by power of attorney
Issuer symbol
SONO
Transactions as of
11 Jan 2023
Net transactions value
$0
Form type
3
Filing time
27 Jan 2023, 16:07:13 UTC
Next filing
17 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SONO Common Stock 3,380 11 Jan 2023 Direct

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
holding SONO Restricted Stock Units 11 Jan 2023 Common Stock 14,613 Direct F1, F2
holding SONO Restricted Stock Units 11 Jan 2023 Common Stock 15,935 Direct F1, F3
holding SONO Restricted Stock Units 11 Jan 2023 Common Stock 32,196 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F2 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date of the vesting commencement date of November 15, 2021, 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.
F3 The shares subject to the RSUs vest in full on the third anniversary of the grant date of February 15, 2022, subject to the continuing employment of the Reporting Person on such vesting date. The RSUs are subject to double-trigger acceleration.
F4 1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2022, 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.