[Form 4] Sonos, Inc. Insider Trading Activity

Rhea-AI Filing Summary

DENTSPLY SIRONA Inc. (ticker XRAY) filed a Form 4 reporting that Executive Vice President, Corporate Development, General Counsel & Secretary Richard C. Rosenzweig modestly increased his equity stake on 07/11/2025.

• 595.34 additional common shares were credited to him as dividend equivalents on previously granted restricted stock units (RSUs). The shares carry the same vesting schedule as the underlying RSUs and were recorded at $0 cost.
• Following the transaction, Rosenzweig directly owns 84,417.217 common shares.
• He also received 59.2766 phantom stock units under the company’s Supplemental Executive Retirement Plan (SERP), bringing his total phantom balance to 6,062.0133 units. Each unit is the economic equivalent of one common share and becomes payable in stock upon termination of employment.

No shares were disposed of, and the filing cites automatic dividend reinvestment rather than discretionary open-market purchases. The document was signed on 07/15/2025 by attorney-in-fact Jessica Causey.

Positive

• Insider’s direct common share holdings rose by 595.34 shares, reflecting continued equity alignment.
• No shares were sold, preserving long-term insider ownership.

Negative

• The acquisitions were automatic dividend equivalents, limiting their signaling value to investors.
• Transaction size is immaterial relative to the executive’s existing stake and company float.

Insights

Securities Analyst

TL;DR — Small, automatic dividend RSU credits; neutral to mildly positive signal.

The filing shows a routine credit of 595.34 RSU dividend shares and 59.2766 SERP phantom units to a senior executive. Because the transactions stem from dividend reinvestment rather than open-market buying, the informational value is low. Still, the absence of sales keeps insider sentiment neutral-to-positive, reinforcing alignment with shareholders. Size is immaterial versus both Rosenzweig’s 84k-share stake and XRAY’s ~215 m share float, so market impact should be negligible.

Corporate Governance Expert

TL;DR — Governance-friendly: no disposals, equity exposure maintained.

From a governance standpoint, dividend reinvestment into RSUs and phantom stock keeps management incentives equity-linked and long-dated. Such mechanisms strengthen pay-for-performance structures without immediate dilution or cash cost. Because the shares vest with the original awards, they maintain existing clawback and forfeiture provisions. However, investors should not interpret the credits as an active expression of confidence, as they are automatic.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Conrad Thomas

(Last) (First) (Middle)

C/O SONOS, INC.

301 COROMAR DRIVE

(Street)

SANTA BARBARA CA 93117

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Sonos Inc [ SONO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/11/2025		M(1)		29,971	A	(2)	165,338	D
Common Stock	07/11/2025		F(3)		14,860	D	$11.09	150,478	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	07/11/2025		M(1)			29,971	(4)	(4)	Common Stock	29,971	$0	0	D

Explanation of Responses:

1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

2. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.

3. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were withheld by the Issuer in accordance with the agreement governing the RSUs to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs.

4. 1/6 of the shares subject to the RSUs vest in equal installments on each monthly anniversary date following the vesting commencement date of January 13, 2025, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person as Interim Chief Executive Officer on each vesting date. The RSUs are subject to double-trigger acceleration.

	/s/ Rebecca Schuster by power of attorney	07/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many DENTSPLY SIRONA (XRAY) shares did Richard C. Rosenzweig acquire?

595.34 common shares were credited as dividend equivalents on 07/11/2025.

Did the executive sell any XRAY shares in this Form 4?

No. The filing reports only acquisitions; no dispositions occurred.

What is the executive’s total direct XRAY share ownership after the transaction?

Rosenzweig now directly owns 84,417.217 common shares.

What are phantom stock units mentioned in the filing?

Phantom units are SERP credits economically equal to one common share, payable in stock upon employment termination.

Is this insider activity likely to impact XRAY’s stock price?

Given the small, automatic nature of the transaction, market impact is expected to be minimal.