Coliseum funds boost Sonos (NASDAQ: SONO) stake with 611,279-share buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sonos Inc reported that investment entities managed by Coliseum Capital Management, LLC made open-market purchases of a combined 611,279 shares of Common Stock over three days. The shares were bought at weighted average prices of $14.90, $14.83 and $15.25 per share, within disclosed intraday ranges.
After these transactions, Coliseum Capital Partners, L.P. held 12,172,013 shares, Coliseum Capital Co-Invest IV, L.P. held 1,891,562 shares and a separate account client advised by Coliseum Capital Management held 2,858,267 shares. Christopher S. Shackelton and Adam Gray are managers of Coliseum Capital entities and each disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 611,279 shares ($9,140,036)
Net Buy
3 txns
Insider
Coliseum Capital Management, LLC, Shackelton Christopher S, Coliseum Capital, LLC, COLISEUM CAPITAL PARTNERS, L.P., Gray Adam, Coliseum Capital Co-Invest IV, L.P.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
611,279 shs ($9.14M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 118,020 | $15.25 | $1.80M |
| Purchase | Common Stock | 133,259 | $14.83 | $1.98M |
| Purchase | Common Stock, $0.001 par value per share ("Common Stock") | 360,000 | $14.90 | $5.36M |
Holdings After Transaction:
Common Stock — 16,921,842 shares (Indirect, See Footnotes);
Common Stock, $0.001 par value per share ("Common Stock") — 16,670,563 shares (Indirect, See Footnotes)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.75 to $14.95, 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 $14.53 to $15.00, 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 $14.96 to $15.40, 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 12,172,013 shares of Common Stock, CCC IV directly owned 1,891,562 shares of Common Stock and the Separate Account directly owned 2,858,267 shares of Common Stock.
