Sonos Inc — Director's Dealing 2020

Feb 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sonos Inc (SONO)
CIK: 0001314727
Period of Report: 2020-02-15

Reporting Person: Perri David (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-15	Common Stock	M	7740.00	—	Acquired	7740.00	Direct
2020-02-15	Common Stock	M	5666.00	—	Acquired	13406.00	Direct
2020-02-15	Common Stock	F	4253.00	$13.42	Disposed	9153.00	Direct
2020-02-18	Common Stock	S	9153.00	$13.2125	Disposed	0.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-15	Restricted Stock Units	$	M	7740.00	Disposed		Common Stock (7740.00)	Direct
2020-02-15	Restricted Stock Units	$	M	5666.00	Disposed		Common Stock (5666.00)	Direct

Footnotes

F1: Vesting of restricted stock units ("RSUs") granted to the Reporting Person on February 15, 2019.

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: Vesting of RSUs granted to the Reporting Person on May 15, 2019.

F4: 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.

F5: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

F6: Represents the weighted average sales price per share. The shares sold at prices ranging from $13.05 to $13.30 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.

F7: 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement 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.

F8: 1/16 of the shares subject to the RSUs vest in equal installments on each quarterly anniversary date following the vesting commencement date of May 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.