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Filing Details

Accession Number:: 0001562180-19-004989
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-10-01 16:34:52
Reporting Period:: 2019-02-04

Accepted Time:: 2019-10-01 16:34:52
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1314727	Sonos Inc	SONO	Household Audio & Video Equipment (3651)	030479476

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1743324	Nicholas Millington	C/O Sonos, Inc. 614 Chapala Street Santa Barbara CA 93101	Chief Product Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2019-02-04	100,000	$1.15	115,493	No	4	M	Direct
Common Stock	Disposition	2019-05-15	384	$10.59	115,109	No	4	F	Direct
Common Stock	Acquisiton	2019-08-15	17,382	$0.00	132,491	No	4	M	Direct
Common Stock	Disposition	2019-08-15	6,011	$11.91	126,480	No	4	F	Direct
Common Stock	Disposition	2019-08-19	21,818	$13.31	104,662	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2019-02-04	100,000	$0.00	100,000	$1.15
Common Stock	Restricted Stock Units	Disposition	2019-08-15	17,382	$0.00	17,382	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2019-05-28	No	4	M	Direct
243,348			No	4	M	Direct

Footnotes

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 restricted stock units ("RSUs") to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs.
Due to an administrative error, the number of shares that were withheld on May 15, 2019 to cover taxes due upon the release and settlement of the RSUs was under-reported in the Form 4 that was filed by the Reporting Person with the U.S. Securities and Exchange Commission on May 17, 2019. This number reflects the additional shares that were withheld.
Vesting of RSUs granted to the Reporting Person on February 15, 2019.
Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
Represents the weighted average sales price per share. The shares sold at prices ranging from $13.25 to $13.49 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.
The stock option is fully vested and immediately exercisable.
1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary of the initial vesting date of February 15, 2019, 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.