Coles Joanna 4

What Happened

Joanna Coles, a director of Sonos, Inc. (SONO), received a grant of 12,725 restricted stock units (RSUs) on March 5, 2026. The filing lists this as an award/grant (code A); no purchase price or immediate cash value is reported (N/A). Each RSU represents a contingent right to one share of Sonos common stock upon vesting and settlement for no consideration.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 6, 2026.
• Grant: 12,725 RSUs (reported as shares subject to RSUs). Price: N/A; total value not stated in the filing.
• Vesting: RSUs vest in full upon the earlier of March 5, 2027 or the next annual meeting of stockholders, subject to Coles’ continued service. (Footnotes F1–F3)
• Post-transaction holdings: The filing does not disclose total shares owned after this grant.
• Filing timeliness: Reported the day after the grant (no late-filing indication in the provided details).

Context

RSUs are a form of equity compensation, not an open-market purchase or sale. They represent a contingent right to receive shares in the future if vesting conditions are met; they do not require Coles to pay for the shares. Such awards are common for directors and executives and reflect compensation/dilution events rather than an immediate positive or negative trading signal.