# EDGAR Filing Document

**Accession Number:** 0001314727
**File Stem:** 0000950170-23-002214
**Filing Date:** 2023-2
**Character Count:** 17051
**Document Hash:** 16cb4d80eb64149da109a06c2ef13a4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-23-002214.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0000950170-23-002214

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Sonos Inc
- **CENTRAL INDEX KEY:** 0001314727
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD AUDIO & VIDEO EQUIPMENT [3651]
- **IRS NUMBER:** 030479476
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-269648
- **FILM NUMBER:** 23600494

**BUSINESS ADDRESS:**
- **STREET 1:** 614 CHAPALA STREET
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93101
- **BUSINESS PHONE:** 805-965-3001

**MAIL ADDRESS:**
- **STREET 1:** 614 CHAPALA STREET
- **CITY:** SANTA BARBARA
- **STATE:** CA
- **ZIP:** 93101

**As filed with the Securities and Exchange Commission on February 8, 2023**

**Registration No. 333-** 

------

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

------

**FORM S-8** 

**REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933** 

------

**Sonos, Inc.** 

**(Exact name of registrant as specified in its charter)** 

------

---

| | |
|:---|:---|
| **Delaware** | **03-0479476** |
| **(State or other jurisdiction**<br>**of incorporation or organization)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

**Sonos, Inc.**

**614 Chapala Street<br>Santa Barbara, CA 93101**

**(Address of Principal Executive Offices) (Zip Code)** 

**2018 Equity Incentive Plan**

**2018 Employee Stock Purchase Plan** 

**(Full title of the plans)** 

------

**Patrick Spence**

**Chief Executive Officer** 

**Sonos, Inc.** 

**614 Chapala Street<br>Santa Barbara, CA 93101**

**(805) 965-3001**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)** 

------

**Please send copies of all communications to:** 

---

| | |
|:---|:---|
| **Zachary R. Blume**<br>**Ropes & Gray LLP**<br>**Prudential Tower**<br>**800 Boylston Street**<br>**Boston, MA 02199**<br>**(617) 951-7000** | **Edward Lazarus**<br>**Chief Financial Officer,** <br>**Chief Legal Officer and<br>Corporate Secretary**<br>**Sonos, Inc.**<br>**614 Chapala Street<br>Santa Barbara, CA 93101**<br>**(805) 965-3001**<br>|

---

------

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| Emerging growth company | ☐ |  |  |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

------

**REGISTRATION OF ADDITIONAL SHARES** 

**PURSUANT TO GENERAL INSTRUCTION E** 

Pursuant to General Instruction E of Form S-8, the Registrant is filing this Registration Statement with the Securities and Exchange Commission (the "Commission") to register 7,458,207 additional shares of common stock under the 2018 Equity Incentive Plan and 2,983,283 additional shares of common stock under the 2018 Employee Stock Purchase Plan pursuant to the provisions of those plans providing for an automatic increase in the number of shares reserved for issuance under such plans. This Registration Statement hereby incorporates by reference the contents of the Registrant's registration statements on Form S-8 filed with the Commission on August 2, 2018 (Registration No. 333-226516), February 7, 2019 (Registration No. 333-229558), February 6, 2020 (Registration No. 333-236296), May 13, 2021 (Registration No. 333-256052) and February 9, 2022 (Registration No. 333-262611).

**Item 8. <u>Exhibits</u>.** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** |  |
| **Exhibit**<br>**Number** | **Exhibit Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** | **Filed Herewith** |
| 4.1 | [<u>Restated Certificate of Incorporation</u>](https://www.sec.gov/Archives/edgar/data/1314727/000131472718000007/a31restatedcertificateofin.htm) | 10-Q | 001-38603 | 3.1 | 9/11/2018 |  |
| 4.2 | [<u>Restated Bylaws</u>](https://www.sec.gov/Archives/edgar/data/1314727/000131472718000007/a32restatedbylaws.htm) | 10-Q | 001-38603 | 3.2 | 9/11/2018 |  |
| 4.3 | [<u>Form of Common Stock Certificate</u>](https://www.sec.gov/Archives/edgar/data/1314727/000119312518213468/d403417dex401.htm) | S-1 | 333-226076 | 4.01 | 7/6/2018 |  |
| 5.1 | [<u>Opinion of Ropes & Gray LLP</u>](sono-ex5_1.htm) |  |  |  |  | X |
| 23.1 | [<u>Consent of Ropes & Gray LLP (included in Exhibit 5.1)</u>](sono-ex5_1.htm) |  |  |  |  | X |
| 23.2 | [<u>Consent of Independent Registered Public Accounting Firm</u>](sono-ex23_2.htm) |  |  |  |  | X |
| 24.1 | [<u>Power of Attorney (included on the signature page of this Registration Statement)</u>](#signatures) |  |  |  |  | X |
| 99.1 | [<u>2018 Equity Incentive Plan, and forms of agreement thereunder</u>](https://www.sec.gov/Archives/edgar/data/1314727/000131472721000032/exhibit101.htm) | 10-Q | 001-38603 | 10.1 | 8/12/2021 |  |
| 99.2 | [<u>2018 Employee Stock Purchase Plan, and form of subscription agreement</u>](https://www.sec.gov/Archives/edgar/data/1314727/000119312518213468/d403417dex1004.htm) | S-1 | 333-226076 | 10.04 | 7/6/2018 |  |
| 107 | [<u>Filing Fee Table</u>](sono-exfiling_fees.htm) |  |  |  |  | X |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Barbara, State of California, on February 8, 2023.

---

| |
|:---|
| **SONOS, INC.** |
| <br>/s/ Patrick Spence |
| Patrick Spence<br>Chief Executive Officer |

---

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Patrick Spence and Eddie Lazarus, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her, in any and all capacities, to sign any and all amendments to this Registration Statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated:

---

| | | |
|:---|:---|:---|
| **<u>Name</u>** | **<u>Title</u>** | **<u>Date</u>**<br>|
| <br>/s/ Patrick Spence | <br>Chief Executive Officer and Director<br>(Principal Executive Officer) | <br>February 8, 2023 |
| Patrick Spence | <br>Chief Executive Officer and Director<br>(Principal Executive Officer) | <br>February 8, 2023 |
| /s/ Eddie Lazarus | Chief Financial Officer and Chief Legal Officer<br>(Principal Financial Officer) | February 8, 2023 |
| Eddie Lazarus | Chief Financial Officer and Chief Legal Officer<br>(Principal Financial Officer) | February 8, 2023 |
| /s/ Chris Mason | SVP, Finance and Chief Accounting Officer<br>(Principal Accounting Officer)  | February 8, 2023 |
| Chris Mason | SVP, Finance and Chief Accounting Officer<br>(Principal Accounting Officer)  | February 8, 2023 |
| /s/ Karen Boone | Director | February 8, 2023 |
| Karen Boone | Director | February 8, 2023 |
| /s/ Joanna Coles | Director | February 8, 2023 |
| Joanna Coles | Director | February 8, 2023 |
| /s/ Thomas Conrad | Director | February 8, 2023 |
| Thomas Conrad | Director | February 8, 2023 |
| /s/ Deirdre Findlay | Director | February 8, 2023 |
| Deirdre Findlay | Director | February 8, 2023 |
| /s/ Julius Genachowski | Director | February 8, 2023 |
| Julius Genachowski | Director | February 8, 2023 |
| /s/ Panos Panay | Director | February 8, 2023 |
| Panos Panay | Director | February 8, 2023 |
| /s/ Michelangelo Volpi | Chairperson of the Board of Directors | February 8, 2023 |
| Michelangelo Volpi |  |  |

---

------

## Exhibit 5.1

**Exhibit 5.1**

---

| | |
|:---|:---|
| ![img150294615_0.jpg](img150294615_0.jpg)  | ROPES & GRAY LLP<br>PRUDENTIAL TOWER<br>800 BOYLSTON STREET<br>BOSTON, MA 02199-3600<br>WWW.ROPESGRAY.COM |

---

February 8, 2023

Sonos, Inc.<br>614 Chapala Street

Santa Barbara, CA 93101

Re: <u>Registration Statement on Form S-8</u>

Ladies and Gentlemen:

This opinion is furnished to you in connection with the registration statement on Form S-8 (the "<u>Registration Statement</u>"), filed with the Securities and Exchange Commission (the "<u>Commission</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), for the registration of an aggregate of 10,441,490 shares (the "<u>Shares</u>") of common stock, $0.001 par value ("<u>Common Stock</u>"), of Sonos, Inc., a Delaware corporation (the "<u>Company</u>"), including 7,458,207 shares of Common Stock issuable under the Company's 2018 Equity Incentive Plan (the "<u>2018 Plan</u>") and 2,983,283 shares of Common Stock issuable under the Company's 2018 Employee Stock Purchase Plan (the "<u>2018 ESPP</u>" and, together with the 2018 Plan, the "<u>Plans</u>").

We are familiar with the actions taken by the Company in connection with the adoption of the Plans. For purposes of our opinion, we have examined such certificates, documents and records and have made such investigation of fact and such examination of law as we have deemed appropriate in order to enable us to render the opinions set forth herein. In conducting such investigation, we have relied, without independent verification, upon certificates of officers of the Company, public officials and other appropriate persons.

The opinions expressed below are limited to the Delaware General Corporation Law.

Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, when the Shares have been issued and sold in accordance with the terms of the Plans, the Shares will be validly issued, fully paid and nonassessable.

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement. In giving this consent we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.

Very truly yours,

/s/ Ropes & Gray LLP

Ropes & Gray LLP

------

## Exhibit 23.2

![img85706250_0.jpg](img85706250_0.jpg)

**Exhibit 23.2**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Sonos, Inc. of our report dated November 23, 2022 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in Sonos, Inc.'s Annual Report on Form 10-K for the year ended October 1, 2022.

/s/ PricewaterhouseCoopers LLP

PricewaterhouseCoopers LLP

Los Angeles, California

February 8, 2023

------

## Ex-Filing

**Exhibit 107**

Calculation of Filing Fee Tables

Form S-8

(Form Type)

Sonos, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Security Type** | &nbsp;&nbsp;**Security Class Title** | &nbsp;&nbsp;**Fee Calculation Rule** | &nbsp;&nbsp;**Amount Registered (1)** | &nbsp;&nbsp;**Proposed Maximum<br>Offering Price<br>Per Unit** | &nbsp;&nbsp;**Maximum<br>Aggregate Offering<br>Price**<br>| &nbsp;&nbsp;**Fee Rate** | &nbsp;&nbsp;**Amount of Registration<br>Fee**  |
| &nbsp;&nbsp;Equity | &nbsp;&nbsp;Common stock, $0.001 par value per share<br>| &nbsp;&nbsp;Rule 457(c) and 457(h)  | &nbsp;&nbsp;7458207 (2) | &nbsp;&nbsp;$18.45 (3) | &nbsp;&nbsp;$137603919.15 | &nbsp;&nbsp;0.0001102 | &nbsp;&nbsp;$15163.95 |
| &nbsp;&nbsp;Equity | &nbsp;&nbsp;Common stock, $0.001 par value per share | &nbsp;&nbsp;Rule 457(c) and 457(h)  | &nbsp;&nbsp;2983283 (4) | &nbsp;&nbsp;$15.6825 (5) | &nbsp;&nbsp;$46785335.65 | &nbsp;&nbsp;0.0001102 | &nbsp;&nbsp;$5155.75 |
| &nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;**Total Offering Amounts** | &nbsp;&nbsp;**Total Offering Amounts** |  | &nbsp;&nbsp;$184389254.80 |  | &nbsp;&nbsp;- |
| &nbsp;&nbsp;**Total Fee Offsets (6)** | &nbsp;&nbsp;**Total Fee Offsets (6)** | &nbsp;&nbsp;**Total Fee Offsets (6)** | &nbsp;&nbsp;**Total Fee Offsets (6)** |  |  |  | &nbsp;&nbsp;- |
| &nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;**Net Fee Due** | &nbsp;&nbsp;**Net Fee Due** |  |  |  | &nbsp;&nbsp;$20319.70 |

---

(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this registration statement on Form S-8 ("Registration Statement") shall also cover any additional shares of the common stock of Sonos, Inc. (the "Registrant") that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the Registrant's receipt of consideration that results in an increase in the number of the outstanding shares of the Registrant's common stock. 

(2) Represents additional shares of the Registrant's common stock automatically reserved and available for issuance under the Registrant's 2018 Equity Incentive Plan (the "2018 Plan") resulting from the annual "evergreen" increase in the number of authorized shares reserved and available for issuance under the 2018 Plan on January 1 of each of 2019 through 2028. The annual increase is equal to the lesser of (a) 5% of the number of shares of the Registrant's common stock and common stock equivalents issued and outstanding on each December 31 immediately prior to the date of increase and (b) such number of shares determined by the Registrant's board of directors.

(3) Estimated in accordance with Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee. The proposed maximum offering price per share of $18.45 was computed by averaging the high ($18.71) and low ($18.18) prices of a share of the Registrant's common stock as reported on The Nasdaq Global Select Market on February 1, 2023.

(4) Represents additional shares of the Registrant's common stock automatically reserved and available for issuance under the Registrant's 2018 Employee Stock Purchase Plan (the "2018 ESPP") resulting from the annual "evergreen" increase in the number of authorized shares reserved and available for issuance under the 2018 ESPP on January 1 of each of 2019 through 2028. The annual increase is equal to 2% of the number of shares of the Registrant's common stock and common stock equivalents issued and outstanding on each December 31 immediately prior to the date of increase; provided, that the Registrant's board of directors or its compensation committee may in its sole discretion reduce the amount of the increase in any particular year.

(5) Estimated in accordance with Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee. The proposed maximum offering price per share is equal to 85% of $18.45, which was computed by averaging the high ($18.71) and low ($18.18) prices of a share of the Registrant's common stock as reported on The Nasdaq Global Select Market on February 1, 2023. Under the 2018 ESPP, the purchase price of a share of common stock is equal to 85% of the fair market value of the Registrant's common stock on the offering date or the purchase date, whichever is less.

(6) The Registrant does not have any fee off-sets.

------