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SONO Sonos Inc

14.485
0.485 (3.46%)
Last Updated: 16:04:09
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sonos Inc NASDAQ:SONO NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.485 3.46% 14.485 14.48 14.49 14.515 14.20 14.20 327,573 16:04:09

Statement of Changes in Beneficial Ownership (4)

26/02/2020 10:46pm

Edgar (US Regulatory)


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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Volpi Michelangelo
2. Issuer Name and Ticker or Trading Symbol

Sonos Inc [ SONO ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O SONOS, INC., 614 CHAPALA STREET
3. Date of Earliest Transaction (MM/DD/YYYY)

2/24/2020
(Street)

SANTA BARBARA, CA 93101
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 2/24/2020  S  188919 D$12.14 (1)533939 I See Footnote (2)(3)
Common Stock 2/24/2020  S  10452 D$12.14 (1)29968 I See Footnote (4)
Common Stock 2/25/2020  S  191993 D$12.17 (5)341946 I See Footnote (2)(3)
Common Stock 2/25/2020  S  10622 D$12.17 (5)19346 I See Footnotes (4)
Common Stock         4442211 I See Footnote (6)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On February 24, 2020, Index Ventures Growth I Parallel Entrepreneur Fund (Jersey), L.P. ("Index I Parallel") sold 188,919 shares of the common stock of the issuer and Yucca (Jersey) SLP ("Yucca") sold 10,452 shares of the common stock of the issuer. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.00 - $12.27. 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.
(2) The shares are held by Index I Parallel. 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 the Index funds, including Index Ventures Growth I (Jersey) L.P. ("Index I"), Index I Parallel and Yucca (collectively, the "Index Funds"). Index Venture Growth Associates I Limited ("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.
(3) (continued from footnote 2) 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.
(4) The shares are held by Yucca. The reporting person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, 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.
(5) On February 25, 2020, Index I Parallel sold 191,993 shares of the common stock of the issuer and Yucca sold 10,622 shares of the common stock of the issuer. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.01 - $12.30. 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.
(6) Represents 3,426,899 shares are held directly by Index I and 1,015,312 are held directly by IVGA I. The reporting person 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.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Volpi Michelangelo
C/O SONOS, INC.
614 CHAPALA STREET
SANTA BARBARA, CA 93101
X



Signatures
/s/ Michelangelo Volpi2/26/2020
**Signature of Reporting PersonDate

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