Casey Saori 4

What Happened Casey Saori, Chief Financial Officer of Sonos (SONO), had 46,565 restricted stock units (RSUs vest and convert to common shares) on May 15, 2026. The company withheld 20,622 of those shares to satisfy federal and state tax withholding obligations at an implied price of $14.69 per share (total value withheld $302,937). The remaining shares from the vesting are effectively delivered to Saori (46,565 total vested − 20,622 withheld ≈ 25,943 net shares).

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 18, 2026.
• Vesting/conversion: 46,565 RSUs converted into common stock (reported as derivative exercise/conversion, code M).
• Tax withholding: 20,622 shares were withheld/disposed to cover taxes at $14.69/share for $302,937 (reported under code F); withholding is an exempt transaction under Section 16b-3(e).
• Net shares delivered to insider (approx.): 25,943 (46,565 − 20,622).
• Shares owned after transaction: not specified in the reported Form 4.
• Footnotes: RSUs were previously granted, convert 1:1 to shares on vesting, subject to a multi-year vesting schedule (33.33% after first anniversary of Feb 15, 2024, then quarterly vesting) and double-trigger acceleration.

Context

• This was not an open-market sale; it’s a routine settlement of vested RSUs with shares withheld to satisfy tax liabilities (a common administrative procedure, often called net share settlement or share withholding).
• These transactions are considered awards/vesting rather than a signal of buy/sell intent; tax-withholding disposals do not reflect an insider choosing to sell shares on the market.