Coliseum Capital Management, LLC 4
4 · Sonos Inc · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Sonos (SONO) 10% Owner Coliseum Capital Buys 733,073 Shares
What Happened
Coliseum Capital Management, LLC — reported as a 10% owner of Sonos (SONO) — made open-market purchases of Sonos common stock on February 4–6, 2026. The filer acquired a total of 733,073 shares: 494,719 shares at a weighted average $15.50 on Feb 4 ($7.67M), 211,530 shares at a weighted average $16.29 on Feb 5 ($3.45M), and 26,824 shares at a weighted average $16.49 on Feb 6 ($0.44M). Total consideration for the three transactions was approximately $11.56 million. These were purchases (code P), which are generally viewed as a positive signal compared with sales, though this is institutional buying, not insider executive trading.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-02-04: 494,719 shares @ $15.50 (weighted avg; actual prices ranged $15.31–$15.60) — ~$7,668,145
- 2026-02-05: 211,530 shares @ $16.29 (weighted avg; actual prices ranged $15.87–$16.49) — ~$3,445,824
- 2026-02-06: 26,824 shares @ $16.49 (weighted avg; actual prices ranged $16.45–$16.50) — ~$442,328
- Total purchased: 733,073 shares for ~$11,556,297.
- Shares held after transactions (per filing footnote): Coliseum Capital Partners, L.P. (CCP) 12,172,013; Coliseum Co-Invest IV, L.P. (CCC IV) 733,073; Separate Account 2,758,267.
- Relevant footnotes: weighted-average price ranges provided for each batch (see above); holdings are held directly by investment vehicles and a separate advisory account; managers Christopher Shackelton and Adam Gray disclaim beneficial ownership except for pecuniary interest.
- Filing timeliness: Report filed 2026-02-06 for transactions through 2026-02-04–02-06 (filed within the normal two-business-day Form 4 reporting window).
Context
This was institutional open-market buying by a 10% shareholder’s affiliated entities and advisory client — not an executive or corporate officer trade. Institutional purchases can indicate conviction by a large shareholder but do not reveal management view or guarantee future stock performance. The filing is informational and factual; it does not state motive.
Insider Transaction Report
- Purchase
Common Stock, $0.001 par value per share ("Common Stock")
[F1][F2][F3][F6]2026-02-04$15.50/sh+494,719$7,668,145→ 15,424,999 total(indirect: See Footnotes) - Purchase
Common Stock
[F4][F2][F3][F6]2026-02-05$16.29/sh+211,530$3,445,824→ 15,636,529 total(indirect: See Footnotes) - Purchase
Common Stock
[F5][F2][F3][F6]2026-02-06$16.49/sh+26,824$442,328→ 15,663,353 total(indirect: See Footnotes)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.31 to $15.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]The shares of Common Stock reported herein are held directly by (a) Coliseum Capital Partners, L.P. ("CCP") and Coliseum Co-Invest IV, L.P. ("CCC IV"), each of which are an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser; and (b) a separate account investment advisory client of CCM (the "Separate Account").
- [F3]Christopher S. Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $15.87 to $16.49, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $16.45 to $16.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F6]Following the transactions reported herein, CCP directly owned 12,172,013 shares of Common Stock, CCC IV directly owned 733,073 shares of Common Stock and the Separate Account directly owned 2,758,267 shares of Common Stock.