[Form 4] Sonos, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Insider Trade Summary
29,971 shares exercised/converted
Mixed
3 txns
Insider
Conrad Thomas
Role
Interim CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,971 | $0.00 | -- |
| Exercise | Common Stock | 29,971 | $0.00 | -- |
| Tax Withholding | Common Stock | 14,860 | $11.09 | $165K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 165,338 shares (Direct)
Footnotes (1)
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. 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. 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.
