Coliseum Capital Management, LLC 4
4 · Sonos Inc · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Sonos (SONO) 10% Holder Coliseum Capital Buys Stock
What Happened Coliseum Capital Management, LLC (identified as a 10% holder via affiliated funds/accounts) purchased a total of 228,920 shares of Sonos, Inc. (SONO) in open‑market transactions between March 13 and March 17, 2026. Transactions reported: 90,000 shares on 2026‑03‑13 at a weighted average $13.20 ($1,188,000); 13,920 shares on 2026‑03‑16 at $13.25 ($184,440); and 125,000 shares on 2026‑03‑17 at a weighted average $13.57 (~$1,696,250). Total consideration across the three buys is approximately $3,068,690. These were purchases (buy signals), not sales.
Key Details
- Transaction dates & reported prices:
- 2026‑03‑13: 90,000 shares @ weighted avg $13.20 (purchased in multiple trades at $13.15–$13.25 per footnote).
- 2026‑03‑16: 13,920 shares @ $13.25.
- 2026‑03‑17: 125,000 shares @ weighted avg $13.57 (purchased in multiple trades at $13.44–$13.69 per footnote).
- Total shares bought: 228,920; approximate total value: $3.07M.
- Shares held after transactions (by related entities per footnote): Coliseum Capital Partners, L.P. (CCP) — 12,923,136; Coliseum Co‑Invest IV, L.P. (CCC IV) — 2,120,482; Separate Account — 3,027,144.
- Structure and disclaimers: Holdings are held directly by affiliated funds/accounts for which Coliseum Capital Management, LLC acts as adviser; managers Christopher Shackelton and Adam Gray disclaim beneficial ownership except for pecuniary interest (see footnotes).
- Footnotes: weighted average prices reported for Mar 13 and Mar 17 purchases (ranges disclosed in filing); purchases coded "P" = open market/private purchase.
- Filing: Form 4 filed 2026‑03‑17 reporting transactions on Mar 13–17; no indication in the filing of a late report.
Context This filing reports institutional open‑market purchases by a 10% holder (investment adviser and affiliated funds), not insider trading by an executive. Institutional buys can be read as the adviser increasing position size, but filings are factual records only and do not disclose motives.
Insider Transaction Report
- Purchase
Common Stock, $0.001 par value per share ("Common Stock")
[F1][F2][F3]2026-03-13$13.20/sh+90,000$1,188,000→ 17,931,842 total(indirect: See Footnotes) - Purchase
Common Stock
[F2][F3]2026-03-16$13.25/sh+13,920$184,440→ 17,945,762 total(indirect: See Footnotes) - Purchase
Common Stock
[F4][F2][F3][F5]2026-03-17$13.57/sh+125,000$1,696,250→ 18,070,762 total(indirect: See Footnotes)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $13.15 to $13.25, 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 $13.44 to $13.69, 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]Following the transactions reported herein, CCP directly owned 12,923,136 shares of Common Stock, CCC IV directly owned 2,120,482 shares of Common Stock and the Separate Account directly owned 3,027,144 shares of Common Stock.