Coliseum Capital Management, LLC 4

What Happened Coliseum Capital Management, LLC (identified as a 10% holder via affiliated funds/accounts) purchased a total of 228,920 shares of Sonos, Inc. (SONO) in open‑market transactions between March 13 and March 17, 2026. Transactions reported: 90,000 shares on 2026‑03‑13 at a weighted average $13.20 ($1,188,000); 13,920 shares on 2026‑03‑16 at $13.25 ($184,440); and 125,000 shares on 2026‑03‑17 at a weighted average $13.57 (~$1,696,250). Total consideration across the three buys is approximately $3,068,690. These were purchases (buy signals), not sales.

Key Details

• Transaction dates & reported prices:
  • 2026‑03‑13: 90,000 shares @ weighted avg $13.20 (purchased in multiple trades at $13.15–$13.25 per footnote).
  • 2026‑03‑16: 13,920 shares @ $13.25.
  • 2026‑03‑17: 125,000 shares @ weighted avg $13.57 (purchased in multiple trades at $13.44–$13.69 per footnote).
• Total shares bought: 228,920; approximate total value: $3.07M.
• Shares held after transactions (by related entities per footnote): Coliseum Capital Partners, L.P. (CCP) — 12,923,136; Coliseum Co‑Invest IV, L.P. (CCC IV) — 2,120,482; Separate Account — 3,027,144.
• Structure and disclaimers: Holdings are held directly by affiliated funds/accounts for which Coliseum Capital Management, LLC acts as adviser; managers Christopher Shackelton and Adam Gray disclaim beneficial ownership except for pecuniary interest (see footnotes).
• Footnotes: weighted average prices reported for Mar 13 and Mar 17 purchases (ranges disclosed in filing); purchases coded "P" = open market/private purchase.
• Filing: Form 4 filed 2026‑03‑17 reporting transactions on Mar 13–17; no indication in the filing of a late report.

Context This filing reports institutional open‑market purchases by a 10% holder (investment adviser and affiliated funds), not insider trading by an executive. Institutional buys can be read as the adviser increasing position size, but filings are factual records only and do not disclose motives.