Coliseum Capital funds boost Sonos (SONO) stake with 920K-share buy
Rhea-AI Filing Summary
Sonos Inc saw significant insider accumulation as investment entities advised by Coliseum Capital Management reported open-market purchases of a combined 920,000 shares of Common Stock over three days. The shares were bought on March 9, 10 and 11, 2026 at prices around $13.95, $14.19 and $14.22 per share, with actual trade prices in weighted-average ranges between $13.40 and $14.25. Following these transactions, Coliseum Capital Partners, L.P., Coliseum Capital Co-Invest IV, L.P. and a separate account client together held 17,841,842 Sonos shares, with each entity’s direct ownership detailed in the filing, while associated individuals and entities disclaim beneficial ownership beyond their pecuniary interests.
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Insights
Coliseum-advised funds increased their Sonos stake by 920,000 shares via open-market buying.
Investment entities advised by Coliseum Capital Management purchased 920,000 Sonos common shares across three open-market transactions on March 9–11, 2026. Reported prices were around $13.95, $14.19 and $14.22 per share, with weighted-average ranges between $13.40 and $14.25.
After these trades, Coliseum Capital Partners, Coliseum Capital Co-Invest IV and a separate account client directly held a combined 17,841,842 shares as disclosed. Individuals Christopher Shackelton and Adam Gray, and related entities, expressly disclaim beneficial ownership beyond their pecuniary interests, underscoring that the activity is at the fund level rather than personal trading.
The pattern shows net buying with no sales or derivative exercises, and no remaining derivative positions are listed. Subsequent company filings may provide additional context on how this ownership position evolves over time relative to Sonos’ broader shareholder base.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 180,000 | $14.22 | $2.56M |
| Purchase | Common Stock | 320,000 | $14.19 | $4.54M |
| Purchase | Common Stock, $0.001 par value per share ("Common Stock") | 420,000 | $13.95 | $5.86M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.40 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The shares of Common Stock reported herein are held directly by (a) Coliseum Capital Partners, L.P. ("CCP") and Coliseum Co-Invest IV, L.P. ("CCC IV"), each of which are an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser; and (b) a separate account investment advisory client of CCM (the "Separate Account"). Christopher S. Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.82 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.10 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Following the transactions reported herein, CCP directly owned 12,923,136 shares of Common Stock, CCC IV directly owned 1,891,562 shares of Common Stock and the Separate Account directly owned 3,027,144 shares of Common Stock.