Deirdre Findlay - Feb 14, 2025 Form 4 Insider Report for Sonos Inc (SONO)

Signature
/s/ Rebecca Schuster by power of attorney
Stock symbol
SONO
Transactions as of
Feb 14, 2025
Transactions value $
-$72,501
Form type
4
Date filed
2/19/2025, 04:48 PM
Previous filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONO Common Stock Options Exercise +14.6K +16.53% 103K Feb 14, 2025 Direct F1, F2
transaction SONO Common Stock Tax liability -$72.5K -5.51K -5.35% $13.17 97.4K Feb 14, 2025 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 Restricted Stock Units Options Exercise $0 -14.6K -9.64% $0.00 137K Feb 14, 2025 Common Stock 14.6K 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 restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
F3 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.
F4 1/3 of the RSUs vested on November 15, 2024, and 1/12 of the RSUs vest on each quarterly anniversary thereafter, 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.