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|4Feb 6, 7:05 PM ET

Coliseum Capital Management, LLC 4

Research Summary

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Updated

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.