Filing Details

Accession Number:
0001562180-19-004989
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-10-01 16:34:52
Reporting Period:
2019-02-04
Accepted Time:
2019-10-01 16:34:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1314727 Sonos Inc SONO Household Audio & Video Equipment (3651) 030479476
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1743324 Nicholas Millington C/O Sonos, Inc.
614 Chapala Street
Santa Barbara CA 93101
Chief Product Officer No No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-02-04 100,000 $1.15 115,493 No 4 M Direct
Common Stock Disposition 2019-05-15 384 $10.59 115,109 No 4 F Direct
Common Stock Acquisiton 2019-08-15 17,382 $0.00 132,491 No 4 M Direct
Common Stock Disposition 2019-08-15 6,011 $11.91 126,480 No 4 F Direct
Common Stock Disposition 2019-08-19 21,818 $13.31 104,662 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Disposition 2019-02-04 100,000 $0.00 100,000 $1.15
Common Stock Restricted Stock Units Disposition 2019-08-15 17,382 $0.00 17,382 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2019-05-28 No 4 M Direct
243,348 No 4 M Direct
Footnotes
  1. 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 restricted stock units ("RSUs") to satisfy federal and state tax withholding obligations of the Reporting Person resulting from the vesting and settlement of RSUs.
  2. Due to an administrative error, the number of shares that were withheld on May 15, 2019 to cover taxes due upon the release and settlement of the RSUs was under-reported in the Form 4 that was filed by the Reporting Person with the U.S. Securities and Exchange Commission on May 17, 2019. This number reflects the additional shares that were withheld.
  3. Vesting of RSUs granted to the Reporting Person on February 15, 2019.
  4. Each RSU represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration.
  5. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
  6. Represents the weighted average sales price per share. The shares sold at prices ranging from $13.25 to $13.49 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
  7. The stock option is fully vested and immediately exercisable.
  8. 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary of the initial vesting date of February 15, 2019, 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.