Sonos Inc — Director's Dealing 2019

May 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sonos Inc (SONO)
CIK: 0001314727
Period of Report: 2019-05-16

Reporting Person: Volpi Michelangelo (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-16	Common Stock	S	517992	$10.5142	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8084253	Indirect

Footnotes

F1: Represents shares sold by Index Venture Growth Associates I Limited ("IVGA I"), the general partner of Index Ventures Growth I (Jersey) L.P. ("Index I"). The shares were received by IVGA I in a previously reported distribution-in-kind made by Index I in accordance with the exemptions afforded by Rule 16a-13 and Rule 16a-9 of the Securities Exchange Act of 1934, as amended.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 - $10.8093. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F3: Michelangelo Volpi, a member of the Issuer's Board of Directors, is a partner with the Index Ventures group. Advisors within the Index Ventures group provide advice to Index I, Index Ventures Growth I Parallel Entrepreneur Fund (Jersey), L.P. ("Index I Parallel") and Yucca (Jersey) SLP ("Yucca" and, together with Index I and Index I Parallel, the "Index Funds"). IVGA I is the general partner of Index I and Index I Parallel. Yucca is a co-investment vehicle that is contractually required to mirror the investment of Index I and Index I Parallel. Mr. Volpi is involved in making recommendations to the Index Funds, but does not hold voting or dispositive power over the shares held by the Index Funds. Mr. Volpi disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.

F4: 7,313,231 shares are held directly by Index I, 730,602 shares are held directly by Index I Parallel and 40,420 shares are held directly by Yucca.