Coliseum Capital Management, LLC 4
4 · Sonos Inc · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Sonos (SONO) 10% Owner Coliseum Capital Buys 920,000 Shares
What Happened Coliseum Capital Management, LLC (reported as a 10% owner/adviser) purchased a total of 920,000 shares of Sonos Inc. (SONO) in three transactions: 420,000 shares on 2026-03-09 at a weighted average price of $13.95 ($5,859,000); 320,000 shares on 2026-03-10 at $14.19 ($4,540,800); and 180,000 shares on 2026-03-11 at $14.22 ($2,559,600). All transactions are reported as purchases (code P) and total $12,959,400. These purchases were reported on a Form 4 filed 2026-03-11.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-03-09: 420,000 sh @ $13.95 (range reported $13.40–$14.25; see footnote)
- 2026-03-10: 320,000 sh @ $14.19 (range reported $13.82–$14.25)
- 2026-03-11: 180,000 sh @ $14.22 (range reported $14.10–$14.25)
- Total acquired: 920,000 shares for $12,959,400.
- Shares held after transactions (reported by underlying holders):
- Coliseum Capital Partners, L.P. (CCP): 12,923,136 shares
- Coliseum Co-Invest IV, L.P. (CCC IV): 1,891,562 shares
- Separate Account (advisory client): 3,027,144 shares
- Ownership structure/notes:
- Shares are held directly by investment partnerships and a separate advisory account managed/advised by Coliseum entities (see footnotes F2–F3).
- Managers Shackelton and Gray and related entities disclaim beneficial ownership except to the extent of pecuniary interest (F3).
- Footnotes F1–F5 explain the reported prices are weighted averages and provide price ranges; the filer offers to supply the transaction-level breakdown on request.
- Filing timeliness: Form 4 was filed 2026-03-11; no late filing is indicated on the form.
Context
- This filing reflects institutional/investment-adviser purchases (not individual executive trading). Purchases by an investment adviser are typically investments made on behalf of funds or clients; the reported post-transaction holdings are held by the named partnerships and account.
- Code P = Purchase (open market or private purchase). No derivatives, exercises, gifts, or tax-withholding events are reported in this filing.
Insider Transaction Report
Form 4
Sonos IncSONO
Coliseum Capital Management, LLC
10% Owner
Transactions
- Purchase
Common Stock, $0.001 par value per share ("Common Stock")
[F1][F2][F3][F6]2026-03-09$13.95/sh+420,000$5,859,000→ 17,341,842 total(indirect: See Footnotes) - Purchase
Common Stock
[F4][F2][F3][F6]2026-03-10$14.19/sh+320,000$4,540,800→ 17,661,842 total(indirect: See Footnotes) - Purchase
Common Stock
[F5][F2][F3][F6]2026-03-11$14.22/sh+180,000$2,559,600→ 17,841,842 total(indirect: See Footnotes)
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.40 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]The shares of Common Stock reported herein are held directly by (a) Coliseum Capital Partners, L.P. ("CCP") and Coliseum Co-Invest IV, L.P. ("CCC IV"), each of which are an investment limited partnership of which Coliseum Capital, LLC, a Delaware limited liability company ("CC"), is general partner and for which Coliseum Capital Management, LLC, a Delaware limited liability company ("CCM"), serves as investment adviser; and (b) a separate account investment advisory client of CCM (the "Separate Account").
- [F3]Christopher S. Shackelton ("Shackelton") and Adam Gray ("Gray") are managers of and have an ownership interest in each of CCM and CC. Each of Shackelton, Gray, CCP, the Separate Account, CC and CCM disclaims beneficial ownership of these securities except to the extent of that person's pecuniary interest therein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.82 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.10 to $14.25, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F6]Following the transactions reported herein, CCP directly owned 12,923,136 shares of Common Stock, CCC IV directly owned 1,891,562 shares of Common Stock and the Separate Account directly owned 3,027,144 shares of Common Stock.