4//SEC Filing
Conrad Thomas 4
Accession 0001127602-25-005292
CIK 0001314727other
Filed
Feb 17, 7:00 PM ET
Accepted
Feb 18, 6:32 PM ET
Size
9.9 KB
Accession
0001127602-25-005292
Insider Transaction Report
Form 4
Sonos IncSONO
Conrad Thomas
DirectorInterim CEO
Transactions
- Tax Payment
Common Stock
2025-02-13$13.12/sh−10,364$135,976→ 65,821 total - Exercise/Conversion
Common Stock
2025-02-13+29,971→ 76,185 total - Exercise/Conversion
Restricted Stock Units
2025-02-13−29,971→ 149,855 total→ Common Stock (29,971 underlying)
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]Mr. Conrad was granted 10,656 RSUs on March 11, 2024, which were scheduled to vest in full on the earlier of March 11, 2025 or the next annual meeting of stockholders, subject to his continued service on the Company's Board of Directors (the "Board") as an independent director. Mr. Conrad accepted a position with the Company as Interim Chief Executive Officer and became a non-independent member of the Board, effective January 13, 2025, thus these RSUs vested on a pro rata basis. The reported amount has been reduced by 1,776 as compared to Mr. Conrad's prior Form 4 to reflect forfeited shares.
- [F4]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.
- [F5]1/6 of the shares subject to the RSUs vest in equal installments on each monthly anniversary date following the vesting commencement date of January 13, 2025, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person as Interim Chief Executive Officer on each vesting date. The RSUs are subject to double-trigger acceleration.
Documents
Issuer
Sonos Inc
CIK 0001314727
Entity typeother
Related Parties
1- filerCIK 0001522484
Filing Metadata
- Form type
- 4
- Filed
- Feb 17, 7:00 PM ET
- Accepted
- Feb 18, 6:32 PM ET
- Size
- 9.9 KB