Filing Details

Accession Number:
0001127602-24-015925
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-05-17 18:07:32
Reporting Period:
2024-05-15
Accepted Time:
2024-05-17 18:07:32
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
1747554 Scott Christopher Mason C/O Sonos, Inc.
301 Coromar Drive
Santa Barbara CA 93117
Principal Accounting 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 Acquisiton 2024-05-15 4,669 $0.00 123,848 No 4 M Direct
Common Stock Disposition 2024-05-15 1,839 $17.32 122,009 No 4 F Direct
Common Stock Acquisiton 2024-05-15 20,000 $11.28 142,009 No 4 M Direct
Common Stock Disposition 2024-05-15 20,000 $17.57 122,009 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Disposition 2024-05-15 169 $0.00 169 $0.00
Common Stock Restricted Stock Units Disposition 2024-05-15 4,500 $0.00 4,500 $0.00
Common Stock Restricted Stock Units Acquisiton 2024-05-15 40,881 $0.00 40,881 $0.00
Common Stock Employee Stock Option (Right to Buy) Disposition 2024-05-15 20,000 $0.00 20,000 $11.28
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
100,401 No 4 M Direct
95,901 No 4 M Direct
136,782 No 4 A Direct
30,000 2024-07-31 No 4 M Direct
Footnotes
  1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
  2. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
  3. 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.
  4. The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person prior to the effectiveness of the revised requirements of Rule 10b5-1(c).
  5. 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.
  6. 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.
  7. One half of the shares subject to the RSUs will vest on each of the second and third anniversaries of the grant date of May 15, 2024, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.
  8. The stock option is fully vested.