Sec Form 4 Filing - Fraser Anna @ Sonos Inc - 2021-03-22

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Fraser Anna
2. Issuer Name and Ticker or Trading Symbol
Sonos Inc [ SONO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief People Officer
(Last) (First) (Middle)
C/O SONOS, INC., 614 CHAPALA STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/22/2021
(Street)
SANTA BARBARA, CA93101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/22/2021 S( 1 ) 30,000 D $ 40.6316 ( 2 ) 8,494 D
Common Stock 03/23/2021 M( 1 ) 50,000 A $ 15.105 58,494 D
Common Stock 03/23/2021 M( 1 ) 200,000 A $ 13.56 258,494 D
Common Stock 03/23/2021 S( 1 ) 50,000 D $ 40.6109 ( 3 ) 208,494 D
Common Stock 03/23/2021 S( 1 ) 200,000 D $ 40.3108 ( 4 ) 8,494 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 15.105 03/23/2021 M( 1 ) 50,000 ( 5 ) 05/24/2028 Common Stock 50,000 $ 0 41,514 D
Employee Stock Option (right to buy) $ 13.56 03/23/2021 M( 1 ) 200,000 ( 6 ) 02/14/2027 Common Stock 200,000 $ 0 26,716 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fraser Anna
C/O SONOS, INC.
614 CHAPALA STREET
SANTA BARBARA, CA93101
Chief People Officer
Signatures
/s/ Robert Capilupi by power of attorney 03/25/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported transactions were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
( 2 )Represents the weighted average sales price per share. The shares sold at prices ranging from $40.41 to $40.84 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.
( 3 )Represents the weighted average sales price per share. The shares sold at prices ranging from $40.37 to $40.855 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.
( 4 )Represents the weighted average sales price per share. The shares sold at prices ranging from $39.93 to $40.855 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.
( 5 )The stock option vested and became exercisable, and shall continue to vest and become exercisable, in 48 equal monthly installments beginning on May 25, 2018, until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
( 6 )The stock option is fully vested.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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