| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SONO | Common Stock | Sale | -$106K | -7.5K | -25.69% | $14.08 | 21.7K | Aug 15, 2023 | Direct | F1, F2 |
| transaction | SONO | Common Stock | Options Exercise | +15.1K | +69.42% | 36.7K | Aug 15, 2023 | Direct | F3, F4 | ||
| transaction | SONO | Common Stock | Tax liability | -$82.2K | -5.68K | -15.46% | $14.48 | 31.1K | Aug 15, 2023 | Direct | F5 |
| 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 | -6.6K | -5.99% | $0.00 | 104K | Aug 15, 2023 | Common Stock | 6.6K | Direct | F3, F4, F6 | |
| transaction | SONO | Restricted Stock Units | Options Exercise | $0 | -3.18K | -3.07% | $0.00 | 100K | Aug 15, 2023 | Common Stock | 3.18K | Direct | F3, F4, F7 | |
| transaction | SONO | Restricted Stock Units | Options Exercise | $0 | -5.27K | -5.25% | $0.00 | 95.1K | Aug 15, 2023 | Common Stock | 5.27K | Direct | F3, F4, F8 |
| Id | Content |
|---|---|
| F1 | The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person, entered into prior to the effectiveness of the revised requirements of Rule 10b5-1(c). |
| F2 | Represents the weighted average sales price per share. The shares sold at prices ranging from $13.975 to $14.16 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer. |
| F3 | Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
| F4 | Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. |
| F5 | 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. |
| F6 | 1/12 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. |
| F7 | 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. |
| F8 | 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. |