Patrick Spence - 06 Nov 2023 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief Executive Officer, Director
Signature: /s/ Rebecca Schuster by power of attorney
Issuer symbol: SONO
Transactions as of: 06 Nov 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Nov 2023, 19:38:23 UTC
Previous filing: 25 Oct 2023
Next filing: 17 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SONO	Common Stock	Options Exercise		+4,526	+0.49%		930,395	06 Nov 2023	Direct	F1, F2
transaction	SONO	Common Stock	Options Exercise		+51,244	+5.5%		981,639	06 Nov 2023	Direct	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SONO	Performance Share Units	Award	$0	+4,526		$0.000000	4,526	06 Nov 2023	Common Stock	4,526		Direct	F2, F4
transaction	SONO	Performance Share Units	Award	$0	+4,197		$0.000000	4,197	06 Nov 2023	Common Stock	4,197		Direct	F2, F5
transaction	SONO	Performance Share Units	Award	$0	+9,015		$0.000000	9,015	06 Nov 2023	Common Stock	9,015		Direct	F2, F6
transaction	SONO	Performance Share Units	Options Exercise		-4,526	-100%		0	06 Nov 2023	Common Stock	4,526		Direct	F1, F2, F4
transaction	SONO	Performance Share Units	Options Exercise		-51,244	-100%		0	06 Nov 2023	Common Stock	51,244		Direct	F2, F3, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting of performance share units ("PSUs") previously granted to the Reporting Person and earned in November 2023.
F2	Each PSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F3	Vesting of PSUs previously granted to the Reporting Person and earned in November 2021.
F4	Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Compensation, People, and Diversity & Inclusion Committee (the "Committee"). The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2020. Such PSUs vested on November 6, 2023.
F5	Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Committee. The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2021. PSUs awards have a three-year vesting term based on continued employment, and, to the extent earned, will vest upon Committee approval of performance attainment at the end of the three-year term.
F6	Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Committee. The number of shares reported represents the number of PSUs that were earned for fiscal 2023 as a result of the achievement of performance criteria, as determined by the Committee on November 6, 2023. These PSUs were granted on November 15, 2022. PSUs awards have a three-year vesting term based on continued employment, and, to the extent earned, will vest upon Committee approval of performance attainment at the end of the three-year term.
F7	Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of pre-established one year performance goals, as determined by the Committee. The number of shares reported represents the number of PSUs that were earned as a result of the achievement of performance criteria, as determined by the Committee for fiscal 2021. These PSUs were granted on November 15, 2020. Such PSUs vested on November 6, 2023.