Maxime Bouvat-Merlin - 03 May 2023 Form 3 Insider Report for Sonos Inc (SONO)

Role: Chief Product Officer
Signature: /s/ Rebecca Schuster, by power of attorney
Issuer symbol: SONO
Transactions as of: 03 May 2023
Net transactions value: $0
Form type: 3
Filing time: 12 May 2023, 18:04:51 UTC
Next filing: 17 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SONO	Common Stock						26,727	03 May 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)							03 May 2023	Common Stock	48,124	$15.10	Direct	F1
holding	SONO	Employee Stock Option (right to buy)							03 May 2023	Common Stock	28,000	$15.00	Direct	F1
holding	SONO	Employee Stock Option (right to buy)							03 May 2023	Common Stock	52,950	$13.56	Direct	F1
holding	SONO	Employee Stock Option (right to buy)							03 May 2023	Common Stock	22,328	$13.56	Direct	F1
holding	SONO	Restricted Stock Units							03 May 2023	Common Stock	10,625		Direct	F2, F3
holding	SONO	Restricted Stock Units							03 May 2023	Common Stock	21,996		Direct	F2, F4
holding	SONO	Restricted Stock Units							03 May 2023	Common Stock	15,924		Direct	F2, F5
holding	SONO	Restricted Stock Units							03 May 2023	Common Stock	50,172		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.