Braman Shamayne 4
4 · Sonos Inc · Filed Aug 19, 2024
Insider Transaction Report
Form 4
Sonos IncSONO
Braman Shamayne
Chief People Officer
Transactions
- Exercise/Conversion
Common Stock
2024-08-15+9,280→ 35,868 total - Tax Payment
Common Stock
2024-08-15$11.21/sh−2,842$31,859→ 33,026 total - Sale
Common Stock
2024-08-16$11.56/sh−6,438$74,423→ 26,588 total - Exercise/Conversion
Restricted Stock Units
2024-08-15−1,218→ 91,909 total→ Common Stock (1,218 underlying) - Exercise/Conversion
Restricted Stock Units
2024-08-15−8,062→ 83,847 total→ Common Stock (8,062 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]The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 2, 2024.
- [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]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.