Maxime Bouvat-Merlin - 15 Nov 2024 Form 4 Insider Report for Sonos Inc (SONO)

Reporting relationship: Chief Product Officer
Issuer ticker: SONO
Reported as of: 15 Nov 2024
Net transaction value: -$152,089
SEC form: 4
Accepted by SEC: 19 Nov 2024, 17:15:00 UTC
Prior SEC filing: 05 Nov 2024
Source filing: View source filing
Reporting owner signature: /s/ Rebecca Schuster by power of attorney

Key filing fact

Maxime Bouvat-Merlin filed Form 4 for Sonos Inc (SONO) on 19 Nov 2024.

Key facts

This page summarizes Maxime Bouvat-Merlin's Form 4 filing for Sonos Inc (SONO).
6 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 19 Nov 2024, 17:15.

Change

Previous filing in this sequence was filed on 05 Nov 2024.
Current net transaction value: -$152,089.

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: +22,096
Change %: +3143%
Price
Shares after: 22,799
Date: 15 Nov 2024
Ownership: Direct
Footnotes: F1, F2

SONO transaction

Common Stock

Tax liability

Transaction value: $152,089
Shares: -11,061
Change %: -49%
Price: $13.75
Shares after: 11,738
Date: 15 Nov 2024
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: -1,593
Change %: -1.1%
Price: $0.000000
Shares after: 137,047
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,593
Exercise price
Footnotes: F1, F2, F4

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,144
Change %: -2.3%
Price: $0.000000
Shares after: 133,903
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,144
Exercise price
Footnotes: F1, F2, F5

SONO transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -17,359
Change %: -13%
Price: $0.000000
Shares after: 116,544
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 17,359
Exercise price
Footnotes: F1, F2, F5, F6

SONO transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +52,909
Change %: +45%
Price: $0.000000
Shares after: 169,453
Date: 15 Nov 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 52,909
Exercise price
Footnotes: F2, F7

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 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.

Footnote 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.

Footnote F7

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, 2024, 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.