Sonos (NASDAQ: SONO) CEO vests 81,653 RSUs; 42,991 shares withheld
Rhea-AI Filing Summary
Sonos Inc CEO Thomas Conrad reported the vesting and settlement of 81,653 restricted stock units (RSUs), delivering an equal number of common shares. To cover tax obligations, 42,991 shares were withheld by the company at $14.79 per share in an exempt Section 16b-3(e) transaction. The RSU award vests in four annual installments starting July 22, 2025, and is subject to double-trigger acceleration and continued employment conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 38,662 shares
Net Buy
3 txns
Insider
Conrad Thomas
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F1, F4 | 81,653 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 81,653 | -- | -- |
| Exercise Price or Tax Liability | Common Stock F3 | 42,991 | $14.79 | $636K |
Holdings After Transaction:
Restricted Stock Units — 463,515 shares (Direct);
Common Stock — 343,765 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. 1/4 of the shares subject to the RSUs vest on each annual anniversary date following the vesting commencement date of July 22, 2025, until such time as the RSUs are 100% vested, generally 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 settled: 81,653 units
Common shares acquired from RSUs: 81,653 shares
Shares withheld for taxes: 42,991 shares
+2 more
5 metrics
RSUs vested and settled
81,653 units
Restricted Stock Units vested and converted to common stock on 2026-07-22
Common shares acquired from RSUs
81,653 shares
Common stock received by Thomas Conrad upon RSU settlement
Shares withheld for taxes
42,991 shares
Common stock withheld by issuer to satisfy tax obligations from RSU vesting
Tax withholding price
$14.79 per share
Per-share value applied to withheld shares under code F transaction
RSUs remaining after transaction
463,515 units
Total RSUs reported as held after the derivative transaction
Key Terms
Restricted Stock Units, Section 16b-3(e), double-trigger acceleration, vesting commencement date
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.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
double-trigger acceleration financial
"The RSUs are subject to double-trigger acceleration"
vesting commencement date financial
"annual anniversary date following the vesting commencement date of July 22, 2025"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Sonos (SONO) CEO Thomas Conrad report in this Form 4?
Thomas Conrad reported vesting and settlement of 81,653 RSUs, which delivered an equal number of Sonos common shares. In connection with this vesting, 42,991 shares were withheld by the issuer to satisfy federal and state tax withholding obligations.
What is the vesting schedule for Thomas Conrad’s Sonos (SONO) RSUs?
The RSU award vests one-quarter on each annual anniversary after the vesting commencement date of July 22, 2025. Vesting continues until 100% of the RSUs are vested, generally conditioned on Conrad’s continued employment on each vesting date.
Do Thomas Conrad’s Sonos (SONO) RSUs include any acceleration features?
Yes. The footnotes state that the RSUs are subject to double-trigger acceleration. This means the award can accelerate upon specified conditions, as defined in the RSU agreement, beyond the standard time-based annual vesting schedule described in the filing.
Was Thomas Conrad’s Sonos (SONO) Form 4 transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote indicates a trading plan. The reported RSU vesting and tax withholding are characterized instead as an exempt transaction under Section 16b-3(e).