Edward P. Lazarus, Chief Legal Officer of Sonos Inc, filed a Form 4 on November 9, 2026, disclosing the vesting and partial withholding of performance share units transacted on November 5 and 6, 2026.

Key Highlights

  • PSU vesting: 84,397 performance share units vested and converted to common stock on November 6, 2026, via transaction code M.
  • Tax withholding: 41,845 shares were withheld by Sonos at $16.33 per share to satisfy federal and state tax obligations, per transaction code F.
  • Remaining direct holdings: Following the transactions, Lazarus directly held 539,908 shares of common stock.
  • New PSU grants acquired: Three separate PSU tranches totaling 101,972 units were acquired on November 5, 2026, granted on December 15, 2023, November 15, 2024, and November 15, 2025, respectively.
  • Performance determination: The Compensation and People Committee determined the number of earned PSUs on November 5, 2026, based on pre-established financial performance criteria.
  • Issuer and exchange: The filing identifies the issuer as Sonos Inc, trading on NASDAQ:SONO.

Lazarus PSU Vesting and Share Withholding Details at Sonos

According to the filing, Edward P. Lazarus, serving as Chief Legal Officer of Sonos Inc (NASDAQ:SONO), reported two categories of transactions. On November 6, 2026, 84,397 performance share units previously granted to Lazarus and earned in November 2025 and November 2026 vested and were acquired as common stock. On the same date, the issuer withheld 41,845 shares at a price of $16.33 per share. The filing describes this withholding as an "exempt transaction pursuant to Section 16b-3(e)," with shares withheld to satisfy federal and state tax withholding obligations arising from the vesting and settlement of the PSUs.

The filing also reports the acquisition of three new PSU tranches on November 5, 2026. The first tranche of 21,662 PSUs was granted November 15, 2025, and relates to achievement of three one-year performance goals (covering 60% of the award) and a relative total shareholder return goal measured over three years (covering 40% of the award), each representing the right to receive between 0% and 200% of the target award. The second tranche of 42,824 PSUs was granted November 15, 2024, and the third tranche of 37,486 PSUs, granted December 15, 2023, vested on November 6, 2026. All PSU awards carry a three-year vesting term based on continued employment, with vesting occurring upon Committee approval of performance attainment at the end of the three-year term.

After all reported transactions, Lazarus directly held 539,908 shares of Sonos common stock, according to the filing. The Form 4 was signed by Rebecca Schuster by power of attorney and dated November 9, 2026.

What Was Disclosed

The filing disclosed the vesting of 84,397 PSUs, the withholding of 41,845 shares at $16.33 for tax purposes, and the acquisition of three new PSU tranches totaling 101,972 units, leaving Lazarus with a direct beneficial ownership of 539,908 shares of Sonos common stock.