Sonos (NASDAQ: SONO) CEO reports 20K RSUs vested, 443K shares held
Rhea-AI Filing Summary
Sonos Inc Chief Executive Officer Thomas Conrad reported vesting of 20,414 Restricted Stock Units on August 14, 2026, converting into an equal number of common shares for no cash consideration. To cover associated federal and state tax withholding, 10,748 common shares were withheld by the company at $16.59 per share. Following the RSU vesting and related withholding, Conrad directly holds 443,101 shares of Sonos common stock.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 9,666 shares
Net Buy
3 txns
Insider
Conrad Thomas
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F4 | 20,414 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 20,414 | -- | -- |
| Exercise Price or Tax Liability | Common Stock F3 | 10,748 | $16.59 | $178K |
Holdings After Transaction:
Restricted Stock Units — 443,101 shares (Direct);
Common Stock — 353,431 shares (Direct)
Footnotes (4)
- F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- F2. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
- F3. 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.
- F4. These RSUs were granted on July 22, 2025 (the "Grant Date") and, pursuant to a modified vesting schedule, vest as follows: 1) 1/4 of the shares subject to the RSUs vest on the anniversary of the Grant Date, and 2) 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date thereafter 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.
Key Figures
RSUs vested and converted: 20,414 shares
Shares withheld for taxes: 10,748 shares
Withholding price: $16.59 per share
+2 more
5 metrics
RSUs vested and converted
20,414 shares
Restricted Stock Units vesting and settling into common stock on August 14, 2026
Shares withheld for taxes
10,748 shares
Common shares withheld to satisfy tax withholding obligations on RSU vesting
Withholding price
$16.59 per share
Value used for the tax withholding disposition of 10,748 shares
Shares held after transaction
443,101 shares
Direct holdings of Sonos common stock by Thomas Conrad following the reported transactions
RSUs exercised
20,414 units
Derivative exercise/conversion of RSUs into an equal number of common shares
Key Terms
Restricted Stock Units, double-trigger acceleration, Section 16b-3(e), Rule 16b-3
4 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
double-trigger acceleration financial
"The RSUs are subject to double-trigger acceleration"
A contractual feature in employee equity plans that speeds up the vesting of stock awards only when two specific events happen, most commonly a change of company control (like a sale or merger) and a qualifying termination of employment (such as being fired without cause). It matters to investors because it can change how much equity converts or becomes payable in a deal — like a safety net that frees up shares only if both conditions occur — affecting takeover costs, share dilution, and employee incentives around transactions.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax"
Rule 16b-3 regulatory
"security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
What did Sonos (SONO) CEO Thomas Conrad report in this Form 4?
Thomas Conrad reported the vesting of 20,414 RSUs, which converted into Sonos common stock, and the withholding of 10,748 shares to satisfy tax obligations related to this vesting.
What RSU award is involved in this Sonos (SONO) Form 4 filing?
The filing involves RSUs granted on July 22, 2025, which vest 1/4 on the first anniversary and 1/16 on each quarterly anniversary thereafter, with the RSUs subject to double-trigger acceleration conditions.
Was the Sonos (SONO) CEO’s Form 4 transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not affirmed (set to false), and the footnotes describe RSU vesting and tax withholding, not trades executed under a pre-arranged 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
