Lazarus Edward P 4

What Happened
Edward P. Lazarus, Sonos’ Chief Legal & Business Development Officer, had 42,980 restricted stock units (RSUs) vest and convert into common shares on February 13, 2026. The company withheld 15,242 of those shares to cover federal/state tax withholding at an effective price of $16.29 per share (total withheld value reported as $248,292). Net shares delivered to Lazarus after withholding were 27,738 (42,980 vested − 15,242 withheld). This was a vesting/settlement of awards rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (appears timely).
• Primary entries: 42,980 shares acquired on conversion/vesting (derivative settlement).
• Tax withholding: 15,242 shares disposed/withheld at $16.29/share for $248,292 to satisfy tax obligations (exempt under Section 16b-3(e)).
• Additional reported "disposed" lines at $0 represent the conversion/settlement mechanics of the RSUs (see footnotes).
• Shares owned after the transaction: not disclosed in the filing.
• Relevant footnotes: RSUs represent contingent rights to one share each (F1–F3); vesting schedule and double-trigger acceleration provisions described (F4–F6); withholding executed per the RSU agreement to cover tax liabilities (F3).

Context

• This was a routine RSU vesting and company withholding to satisfy tax obligations (a cashless-withholding mechanism), not an open-market sale. Such withholdings are administrative and don’t necessarily signal bullish or bearish insider sentiment.
• For simplicity: “M” entries indicate conversion/exercise of a derivative (RSU settlement), and “F” indicates shares withheld/issued to cover taxes.