4//SEC Filing
Mason Christopher Scott 4
Accession 0001127602-24-022520
CIK 0001314727other
Filed
Aug 18, 8:00 PM ET
Accepted
Aug 19, 5:33 PM ET
Size
11.7 KB
Accession
0001127602-24-022520
Insider Transaction Report
Form 4
Sonos IncSONO
Mason Christopher Scott
Principal Accounting Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-08-15−1,712→ 134,900 total→ Common Stock (1,712 underlying) - Tax Payment
Common Stock
2024-08-15$11.21/sh−460$5,157→ 123,431 total - Exercise/Conversion
Restricted Stock Units
2024-08-15−170→ 136,612 total→ Common Stock (170 underlying) - Exercise/Conversion
Common Stock
2024-08-15+1,882→ 123,891 total
Footnotes (5)
- [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]These RSUs will vest on the following schedule: 6.25% of the shares subject to the RSU will vest quarterly in year 1 following the vesting commencement date of November 15, 2021; 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.
- [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.
Documents
Issuer
Sonos Inc
CIK 0001314727
Entity typeother
Related Parties
1- filerCIK 0001747554
Filing Metadata
- Form type
- 4
- Filed
- Aug 18, 8:00 PM ET
- Accepted
- Aug 19, 5:33 PM ET
- Size
- 11.7 KB