Coliseum Capital Management, LLC 4
4 · Sonos Inc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Sonos (SONO) 10% Owner Coliseum Capital Buys 647,210 Shares
What Happened
Coliseum Capital Management, LLC (reporting as a 10% owner/adviser) purchased a total of 647,210 shares of Sonos Inc. (SONO) in open-market transactions between Feb 12 and Feb 17, 2026. The three reported buys were: 100,000 shares on Feb 12 at a weighted-average $16.11 ($1,611,000); 257,210 shares on Feb 13 at a weighted-average $15.74 ($4,048,485); and 290,000 shares on Feb 17 at a weighted-average $15.59 (~$4,521,100). Total consideration across the three trades is about $10.18 million. Purchases are typically viewed as a more informative (potentially bullish) insider signal than sales, though no motive is stated.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-02-12: 100,000 shares @ $16.11 (total ≈ $1,611,000). (Footnote: actual prices in this block ranged $15.84–$16.30.)
- 2026-02-13: 257,210 shares @ $15.74 (total ≈ $4,048,485). (Footnote: actual prices in this block ranged $15.40–$15.74.)
- 2026-02-17: 290,000 shares @ $15.59 (total ≈ $4,521,100). (Footnote: actual prices in this block ranged $15.48–$15.90.)
- Shares acquired in aggregate: 647,210; approximate total cost: $10,180,585.
- Shares held after transactions (direct holdings by related entities, per filing): Coliseum Capital Partners, L.P. (CCP) 12,172,013; Coliseum Co‑Invest IV, L.P. (CCC IV) 1,280,283; Separate Account 2,858,267 — combined = 16,310,563 shares directly held.
- Reporting structure and disclaimers: CCM acts as investment adviser to the funds/accounts; managers Christopher S. Shackelton and Adam Gray are identified as managers with a pecuniary interest but disclaim direct beneficial ownership except to the extent of that interest.
- Filing timeliness: Form 4 was filed on Feb 17, 2026 and covers trades from Feb 12–17, 2026; the filing appears to be timely under the SEC two-business-day rule (Feb 16, 2026 was a federal holiday).
Context
- This is institutional/adviser trading by a 10% owner-managed investment group, not an individual company executive. Institutional purchases can reflect portfolio rebalancing or increased conviction by the manager but do not convey management-level insider information.
- Footnotes note that the reported per-share prices are weighted averages covering multiple executions; the filer offers to provide transaction-level price details to the company, shareholders, or SEC staff on request.
Insider Transaction Report
Form 4
Sonos IncSONO
Coliseum Capital Management, LLC
10% Owner
Transactions
- Purchase
Common Stock, $0.001 par value per share ("Common Stock")
[F1][F2][F3][F6]2026-02-12$16.11/sh+100,000$1,611,000→ 15,763,353 total(indirect: See Footnotes) - Purchase
Common Stock
[F4][F2][F3][F6]2026-02-13$15.74/sh+257,210$4,048,485→ 16,020,563 total(indirect: See Footnote) - Purchase
Common Stock
[F5][F2][F3][F6]2026-02-17$15.59/sh+290,000$4,521,100→ 16,310,563 total(indirect: See Footnote)
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 $15.84 to $16.30, 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 $15.48 to $15.90, 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 $15.40 to $15.74, 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 1,280,283 shares of Common Stock and the Separate Account directly owned 2,858,267 shares of Common Stock.