Anna Fraser - 15 Aug 2022 Form 4 Insider Report for Sonos Inc (SONO)

Reporting relationship: Chief People Officer
Issuer ticker: SONO
Reported as of: 15 Aug 2022
Net transaction value: -$184,874
SEC form: 4
Accepted by SEC: 17 Aug 2022, 16:24:19 UTC
Prior SEC filing: 17 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Robert Capilupi by power of attorney

Key filing fact

Anna Fraser filed Form 4 for Sonos Inc (SONO) on 17 Aug 2022.

Key facts

This page summarizes Anna Fraser's Form 4 filing for Sonos Inc (SONO).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 17 Aug 2022, 16:24.

Change

Previous filing in this sequence was filed on 17 May 2022.
Current net transaction value: -$184,874.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SONO transaction

Common Stock

Options Exercise

Transaction value
Shares: +20,520
Change %: +20%
Price
Shares after: 121,669
Date: 15 Aug 2022
Ownership: Direct
Footnotes: F1, F2

SONO transaction

Common Stock

Tax liability

Transaction value: $184,874
Shares: -10,805
Change %: -8.9%
Price: $17.11
Shares after: 110,864
Date: 15 Aug 2022
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -1,101
Change %: -0.95%
Price: $0.000000
Shares after: 114,901
Date: 15 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,101
Exercise price
Footnotes: F1, F2, F4

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -19,419
Change %: -17%
Price: $0.000000
Shares after: 95,482
Date: 15 Aug 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,419
Exercise price
Footnotes: F1, F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

Footnote F2

Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.

Footnote F3

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.

Footnote F4

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.

Footnote F5

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.