Conrad Thomas 4

What Happened Conrad Thomas, CEO of Sonos, was granted 218,553 restricted stock units (RSUs) on May 15, 2026. The Form 4 reports the acquisition as a derivative award at $0.00 (no cash paid). These RSUs represent contingent rights to receive one share of Sonos common stock per RSU upon vesting.

Key Details

• Transaction date: 2026-05-15; filing date: 2026-05-18 (timely filed).
• Award size: 218,553 RSUs; reported price: $0.00; reported cash value on Form 4: $0.
• Vesting: 33.33% on the first anniversary of the grant (May 15, 2027), then equal quarterly installments over the next two years until fully vested, subject to continued employment (see footnote F2).
• Acceleration: RSUs are subject to double-trigger acceleration (vesting may accelerate only upon specified corporate events plus termination as defined in the plan).
• Shares owned after transaction: not specified in the filing.
• Transaction type code: A (award/grant); no 10b5-1 plan or tax-withholding sale noted in the filing.

Context This is a compensation award, not an open-market purchase or sale. RSUs grant potential future shares if vesting conditions are met and can lead to dilution when settled; they do not represent immediate cash proceeds or a purchase signal.