11/09/2026 | Press release | Distributed by Public on 11/09/2026 17:30
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
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 (Month/Day/Year) |
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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance Share Units | (1) | 11/05/2026 | A | 21,330 | (2) | (2) | Common Stock | 21,330 | $ 0 | 21,330 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Barbieri Frank C/O SONOS, INC. 301 COROMAR DRIVE SANTA BARBARA, CA 93117 |
Chief Operating Officer | |||
| /s/ Rebecca Schuster by power of attorney | 11/09/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Each performance share unit ("PSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon vesting and settlement for no consideration. |
| (2) | These PSUs were granted on May 15, 2026. Each PSU represents the right to receive, following vesting, between 0% and 200% of the target award based upon achievement of three, one year performance goals (a combination of 60% of the award) and a relative TSR performance goal measured over three years (40% of the award), as determined by the Compensation and People Committee (the "Committee"). The number of shares reported represents the number of PSUs that were earned for fiscal 2026 as a result of the achievement of pre-established financial performance criteria, as determined by the Committee on November 5, 2026. PSUs awards have a three-year vesting term generally based on continued employment, and, to the extent earned, will vest upon Committee approval of performance attainment at the end of the three-year term. |