Sonos (NASDAQ: SONO) CFO reports RSU vesting, 20,622 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonos Inc Chief Financial Officer Saori Casey reported routine equity compensation activity involving restricted stock units. On May 15, 2026, RSUs vested and were converted into common stock through derivative exercises, while a portion of shares was withheld to cover tax obligations.
The filing shows exercises of derivative securities into 46,565 shares of common stock and a separate tax-withholding disposition of 20,622 shares, which the company withheld to satisfy federal and state tax liabilities from RSU vesting. No open-market purchases or sales were reported; these transactions are characterized as exempt under Section 16b-3(e) and reflect standard compensation and tax-settlement mechanics rather than discretionary trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,565 shares exercised/converted
Mixed
4 txns
Insider
Casey Saori
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 24,875 | $0.00 | -- |
| Exercise | Restricted Stock Units | 21,690 | $0.00 | -- |
| Exercise | Common Stock | 46,565 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,622 | $14.69 | $303K |
Holdings After Transaction:
Restricted Stock Units — 271,049 shares (Direct, null);
Common Stock — 219,365 shares (Direct, null)
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 on the following schedule: 33.33% of the shares subject to the RSU will vest on the first anniversary of the grant date of February 15, 2024 and thereafter will vest in equal quarterly installments over the next two years, until such time as the RSUs are 100% vested, subject to the continued 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 applicable vesting commencement date, 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
Derivative exercises: 46,565 shares
Tax withholding shares: 20,622 shares
Acquire transactions: 3 transactions
+2 more
5 metrics
Derivative exercises
46,565 shares
Shares acquired via exercise or conversion of derivative securities on May 15, 2026
Tax withholding shares
20,622 shares
Shares withheld to satisfy tax obligations tied to RSU vesting
Acquire transactions
3 transactions
Count of acquire-side entries, including derivative exercises, in transaction summary
Dispose transactions
1 transaction
Tax-withholding disposition recorded as a non-derivative transaction
Derivative transaction count
2 transactions
Restricted stock unit derivative entries reported on May 15, 2026
Key Terms
Restricted Stock Units, Section 16b-3(e), tax withholding, double-trigger acceleration
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"
tax withholding financial
"shares reported as disposed of ... were withheld by the Issuer ... to satisfy federal and state tax withholding obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
double-trigger acceleration financial
"The RSUs are subject to double-trigger acceleration."
FAQ
What insider transactions did Sonos (SONO) CFO Saori Casey report on May 15, 2026?
Saori Casey reported RSU-related equity compensation activity, not open-market trading. Restricted stock units vested and were converted into common stock, and Sonos withheld shares to cover tax obligations arising from that vesting, as described in the Form 4 footnotes.
Were the Sonos (SONO) CFO’s Form 4 transactions routine compensation events?
The transactions are described as exempt under Section 16b-3(e) and tied to RSU vesting. Footnotes explain they reflect standard settlement of equity awards and related tax withholding, rather than discretionary buying or selling of Sonos stock in the market.