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Filing Details

Accession Number:: 0000899243-20-032186
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-25 17:32:56
Reporting Period:: 2020-11-23

Accepted Time:: 2020-11-25 17:32:56
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
1626464	Michelangelo Volpi	C/O Sonos, Inc. 614 Chapala Street Santa Barbara CA 93101		Yes	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	Explanation
Common Stock	Disposition	2020-11-23	155,232	$21.52	1,755,365	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-23	52,280	$21.52	289,666	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-23	2,958	$21.52	16,388	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-24	622,459	$21.49	1,132,906	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-24	209,638	$21.49	80,028	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-24	11,860	$21.49	4,528	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-25	105,755	$21.44	1,027,151	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-25	35,617	$21.44	44,441	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2020-11-25	2,015	$21.44	2,513	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Footnotes

On November 20, 2020, Index Ventures Growth I (Jersey) L.P. ("Index I") distributed, for no consideration, an aggregate of 3,426,899 shares of common stock of the Issuer to its limited partners and to Index Venture Growth Associates I Limited ("IVGA I"), the general partner of Index I, representing each such partner's pro rata interest in the shares held by Index I. IVGA I received 895,285 shares through such distribution. The aforementioned distributions were made in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.
On November 23, 2020, IVGA I sold 155,232 shares of common stock of the Issuer, Index Ventures Growth I Parallel Entrepreneur Fund (Jersey) L.P. ("Index I Parallel") sold 52,280 shares of common stock of the Issuer and Yucca (Jersey) SLP ("Yucca") sold 2,958 shares of common stock of the Issuer. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.46 - $21.78. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
The shares are held directly by IVGA I.
Michelangelo Volpi, a member of the Issuer's Board of Directors, is a partner with the Index Ventures group. Advisors within the Index Ventures group provide advice to Index I, Index I Parallel and Yucca (together with Index I and Index I Parallel, the "Index Funds"). IVGA I is the general partner of Index I and Index I Parallel. Yucca is a co-investment vehicle that is contractually required to mirror the investment of Index I and Index I Parallel. Mr. Volpi is involved in making recommendations to the Index Funds, but does not hold voting or dispositive power over the shares held by the Index Funds. Mr. Volpi disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
The shares are held directly by Index I Parallel.
The shares are held directly by Yucca.
On November 24, 2020, IVGA I sold 622,459 shares of common stock of the Issuer, Index I Parallel sold 209,638 shares of common stock of the Issuer and Yucca sold 11,860 shares of common stock of the Issuer. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.40 - $21.63. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
On November 25, 2020, IVGA I sold 105,755 shares of common stock of the Issuer, Index I Parallel sold 35,617 shares of common stock of the Issuer and Yucca sold 2,015 shares of common stock of the Issuer. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.40 - $21.57. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.