Patrick Spence - 07 Nov 2022 Form 4 Insider Report for Sonos Inc (SONO)

Role: Chief Executive Officer, Director
Signature: /s/ Robert Capilupi by power of attorney
Issuer symbol: SONO
Transactions as of: 07 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 09 Nov 2022, 17:26:31 UTC
Previous filing: 17 Aug 2022
Next filing: 17 Nov 2022
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		+250,263	+33%		1,003,065	07 Nov 2022	Direct	F1, F2

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	-250,263	-100%	$0.000000^*	0	07 Nov 2022	Common Stock	250,263		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Vesting of performance stock units ("PSUs") previously granted to the Reporting Person and earned in November 2021.
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	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 Committee determined achievement of such goals for fiscal 2021 at a level of 190.2%. Such PSUs vested on November 7, 2022.