Filing Details
- Accession Number:
- 0001127602-23-027889
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-11-17 17:48:50
- Reporting Period:
- 2023-11-15
- Accepted Time:
- 2023-11-17 17:48:50
- 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 |
|---|---|---|---|---|---|---|---|
| 1589082 | Maxime Bouvat-Merlin | C/O Sonos, Inc. 614 Chapala St. Santa Barbara CA 93101 | Chief Product Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Disposition | 2023-11-15 | 6,917 | $11.27 | 24,138 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2023-11-15 | 15,054 | $0.00 | 39,192 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-11-15 | 5,208 | $11.26 | 33,984 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 3,185 | $0.00 | 3,185 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 6,602 | $0.00 | 6,602 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2023-11-15 | 5,267 | $0.00 | 5,267 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2023-11-15 | 129,087 | $0.00 | 129,087 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 91,951 | No | 4 | M | Direct | ||
| 85,349 | No | 4 | M | Direct | ||
| 80,082 | No | 4 | M | Direct | ||
| 209,169 | No | 4 | A | Direct |
Footnotes
- 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).
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
- 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.
- 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.
- 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.
- 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.
- 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, 2023, 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.
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