Coliseum Capital Management, LLC 4

What Happened Coliseum Capital Management, LLC (reported as a 10% owner/adviser) purchased a total of 920,000 shares of Sonos Inc. (SONO) in three transactions: 420,000 shares on 2026-03-09 at a weighted average price of $13.95 ($5,859,000); 320,000 shares on 2026-03-10 at $14.19 ($4,540,800); and 180,000 shares on 2026-03-11 at $14.22 ($2,559,600). All transactions are reported as purchases (code P) and total $12,959,400. These purchases were reported on a Form 4 filed 2026-03-11.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-03-09: 420,000 sh @ $13.95 (range reported $13.40–$14.25; see footnote)
  • 2026-03-10: 320,000 sh @ $14.19 (range reported $13.82–$14.25)
  • 2026-03-11: 180,000 sh @ $14.22 (range reported $14.10–$14.25)
• Total acquired: 920,000 shares for $12,959,400.
• Shares held after transactions (reported by underlying holders):
  • Coliseum Capital Partners, L.P. (CCP): 12,923,136 shares
  • Coliseum Co-Invest IV, L.P. (CCC IV): 1,891,562 shares
  • Separate Account (advisory client): 3,027,144 shares
• Ownership structure/notes:
  • Shares are held directly by investment partnerships and a separate advisory account managed/advised by Coliseum entities (see footnotes F2–F3).
  • Managers Shackelton and Gray and related entities disclaim beneficial ownership except to the extent of pecuniary interest (F3).
• Footnotes F1–F5 explain the reported prices are weighted averages and provide price ranges; the filer offers to supply the transaction-level breakdown on request.
• Filing timeliness: Form 4 was filed 2026-03-11; no late filing is indicated on the form.

Context

• This filing reflects institutional/investment-adviser purchases (not individual executive trading). Purchases by an investment adviser are typically investments made on behalf of funds or clients; the reported post-transaction holdings are held by the named partnerships and account.
• Code P = Purchase (open market or private purchase). No derivatives, exercises, gifts, or tax-withholding events are reported in this filing.