Patrick Spence - 01 Nov 2024 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: 01 Nov 2024
Net transactions value: -$28,117
Form type: 4
Filing time: 05 Nov 2024, 17:21:20 UTC
Previous filing: 19 Aug 2024
Next filing: 19 Nov 2024
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		+4,197	+0.4%		1,062,771	01 Nov 2024	Direct	F1, F2
transaction	SONO	Common Stock	Tax liability	$28,117	-2,244	-0.21%	$12.53	1,060,527	01 Nov 2024	Direct	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	Options Exercise	$0	-4,197	-100%	$0.000000	0	01 Nov 2024	Common Stock	4,197		Direct	F1, F2, F4

* 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	Reflects shares withheld to cover tax liability with respect to the vesting of PSUs. 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 PSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and subsequent settlement of PSUs.
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, 2021. Such PSUs vested on November 1, 2024.