Sonos insider updates holdings after RSU vesting and tax withholding
Rhea-AI Filing Summary
Sonos, Inc. (SONO) disclosed insider equity activity by its Chief Legal & Bus Dev Officer. On 11/14/2025, previously granted restricted stock units (RSUs) vested and were settled into 41,870 shares of common stock, increasing the officer’s holdings to 435,219 common shares after the transactions. To cover tax obligations from the RSU vesting, 20,761 shares were withheld by Sonos at a price of $16.58 per share under an exempt Section 16b-3(e) transaction.
In Table II, several RSU awards converted into common stock, and the officer continued to hold sizable RSU positions, including awards with remaining balances of 237,975, 227,739, and 205,064 RSUs. The filing also reports a new grant of 104,049 RSUs dated 11/15/2025, bringing one RSU award balance to 309,113. These RSUs generally vest in scheduled quarterly installments starting from November 15, 2024 or November 15, 2025 and are subject to continued employment and double-trigger acceleration provisions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 104,049 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,959 | $0.00 | -- |
| Exercise | Restricted Stock Units | 10,236 | $0.00 | -- |
| Exercise | Restricted Stock Units | 22,675 | $0.00 | -- |
| Exercise | Common Stock | 41,870 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,761 | $16.58 | $344K |
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. These RSUs will vest based on the following schedule: (i) 1/12 of the shares subject to the RSUs vested on November 15, 2024 and (ii) the remaining RSUs vest quarterly over the next eleven quarters in equal quarterly installments, until such time as the RSUs are 100% vested, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration. 1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2024, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration. These RSUs will vest over a two year period as follows: 1) 15% of the shares subject to the RSUs will vest quarterly in year 1 following the vesting commencement date of November 15, 2024 and 2) 10% of the shares subject to the RSUs will vest quarterly in year 2, in each case subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration. 1/12 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of November 15, 2025, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. The RSUs are subject to double-trigger acceleration.
FAQ
What insider transactions did Sonos (SONO) report in this Form 4?
The Chief Legal & Bus Dev Officer of Sonos, Inc. (SONO) reported RSU vesting that resulted in the acquisition of 41,870 shares of common stock on 11/14/2025. The filing also shows a new grant of 104,049 restricted stock units (RSUs) dated 11/15/2025, along with updates to several existing RSU awards.
What tax withholding transaction was disclosed for Sonos (SONO)?
The filing reports an exempt transaction under Section 16b-3(e) in which 20,761 shares of Sonos common stock were disposed of at $16.58 per share. All of these shares were withheld by Sonos to satisfy federal and state tax withholding obligations arising from the vesting and settlement of RSUs.
What new RSU grant did the Sonos (SONO) officer receive?
The officer received a new grant of 104,049 restricted stock units (RSUs) dated 11/15/2025. These RSUs represent a contingent right to receive an equal number of Sonos common shares for no consideration upon vesting and settlement, and the award balance shown after the grant is 309,113 RSUs.
How do Sonos (SONO) RSUs in this filing vest?
The RSUs disclosed vest in scheduled installments. One award vests with 1/12 of the shares vesting on November 15, 2024 and the remainder vesting quarterly over the next eleven quarters. Other awards vest quarterly starting from November 15, 2024 or November 15, 2025, and one award vests over two years with 15% vesting quarterly in year one and 10% quarterly in year two. All are subject to continued employment and include double-trigger acceleration provisions.
What does each Sonos (SONO) RSU represent in this Form 4?
Each restricted stock unit (RSU) reported represents a contingent right to receive 1 share of Sonos common stock upon vesting and settlement for no cash consideration, as stated in the explanation of responses.