4//SEC Filing
Spence Patrick 4
Accession 0001127602-24-015932
CIK 0001314727other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 6:18 PM ET
Size
14.2 KB
Accession
0001127602-24-015932
Insider Transaction Report
Form 4
Sonos IncSONO
Spence Patrick
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2024-05-15+58,806→ 1,070,292 total - Tax Payment
Common Stock
2024-05-15$17.32/sh−31,435$544,454→ 1,038,857 total - Exercise/Conversion
Restricted Stock Units
2024-05-15−32,623→ 318,239 total→ Common Stock (32,623 underlying) - Exercise/Conversion
Restricted Stock Units
2024-05-15−21,500→ 296,739 total→ Common Stock (21,500 underlying) - Exercise/Conversion
Restricted Stock Units
2024-05-15−4,683→ 292,056 total→ Common Stock (4,683 underlying)
Footnotes (6)
- [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]1/12 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.
- [F5]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.
- [F6]These RSUs will vest based on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1; 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.
Documents
Issuer
Sonos Inc
CIK 0001314727
Entity typeother
Related Parties
1- filerCIK 0001743317
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 6:18 PM ET
- Size
- 14.2 KB