Sonos (SONO) CEO Conrad Thomas Receives RSUs; 42,991 Shares Withheld

What Happened

• Conrad Thomas, CEO of Sonos Inc., had 81,653 restricted stock units (RSUs) vest/convert on July 22, 2026. To satisfy tax withholding obligations, 42,991 shares were withheld at $14.79 per share, totaling $635,837. The net shares delivered to Thomas based on these entries equal 38,662 shares (81,653 vested less 42,991 withheld).

Key Details

• Transaction date: July 22, 2026; Form filed July 24, 2026.
• Vesting/Conversion: 81,653 RSU shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 42,991 shares withheld (code F) at $14.79/share = $635,837.
• Net shares received by Thomas (based on reported entries): 38,662 shares.
• Footnotes: RSUs were vested awards (F1); each RSU converts to one common share at settlement (F2). Withholding was done by the issuer to satisfy federal/state taxes under Rule 16b-3(e) (F3). RSUs vest 1/4 annually beginning July 22, 2025 and are subject to double-trigger acceleration (F4).
• Filing timeliness: Form 4 was filed two days after the transaction date (no late filing indicated in the report).

Context

• This was not an open-market sale or purchase; it reflects routine vesting/settlement of RSUs and shares withheld to cover taxes (a common, non-speculative administrative action).
• Reported as a conversion/settlement of equity awards rather than option exercises for cash; withholding of shares to cover tax liability is effectively a cashless tax-satisfaction method.