Maxime Bouvat-Merlin - May 3, 2023 Form 3 Insider Report for Sonos Inc (SONO)

Role
Chief Product Officer
Signature
/s/ Rebecca Schuster, by power of attorney
Stock symbol
SONO
Transactions as of
May 3, 2023
Transactions value $
$0
Form type
3
Date filed
5/12/2023, 06:04 PM
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SONO Common Stock 26.7K May 3, 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 Employee Stock Option (right to buy) May 3, 2023 Common Stock 48.1K $15.11 Direct F1
holding SONO Employee Stock Option (right to buy) May 3, 2023 Common Stock 28K $15.00 Direct F1
holding SONO Employee Stock Option (right to buy) May 3, 2023 Common Stock 53K $13.56 Direct F1
holding SONO Employee Stock Option (right to buy) May 3, 2023 Common Stock 22.3K $13.56 Direct F1
holding SONO Restricted Stock Units May 3, 2023 Common Stock 10.6K Direct F2, F3
holding SONO Restricted Stock Units May 3, 2023 Common Stock 22K Direct F2, F4
holding SONO Restricted Stock Units May 3, 2023 Common Stock 15.9K Direct F2, F5
holding SONO Restricted Stock Units May 3, 2023 Common Stock 50.2K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option is fully vested.
F2 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.
F3 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of May 15, 2020, 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.
F4 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2020, 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.
F5 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.
F6 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.