4//SEC Filing
Lazarus Edward P 4
Accession 0001127602-25-014929
CIK 0001314727other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 4:37 PM ET
Size
14.3 KB
Accession
0001127602-25-014929
Insider Transaction Report
Form 4
Sonos IncSONO
Lazarus Edward P
Chief Legal & Strategy Officer
Transactions
- Exercise/Conversion
Restricted Stock Units
2025-05-15−10,235→ 311,479 total→ Common Stock (10,235 underlying) - Tax Payment
Common Stock
2025-05-15$10.92/sh−14,599$159,421→ 393,001 total - Exercise/Conversion
Restricted Stock Units
2025-05-15−22,675→ 288,804 total→ Common Stock (22,675 underlying) - Exercise/Conversion
Common Stock
2025-05-15+41,869→ 407,600 total - Exercise/Conversion
Restricted Stock Units
2025-05-15−8,959→ 321,714 total→ Common Stock (8,959 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]These RSUs will vest based on the following schedule: (i) 1/12 of the shares subject to the RSUs vested on November 15, 2024 and (ii) the remaining RSUs vest quarterly over the next eleven quarters in equal quarterly installments, until such time as the RSUs are 100% vested, 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]1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2024, 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 over a two year period as follows: 1) 15% of the shares subject to the RSUs will vest quarterly in year 1 following the vesting commencement date of November 15, 2024 and 2) 10% of the shares subject to the RSUs will vest quarterly in year 2, 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 0001610766
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 4:37 PM ET
- Size
- 14.3 KB