Sonos Inc (SONO)

Tom Conrad cash – Annual Cash Incentive Plan

Shamayne Braman — Severance Agreement | Cash severance of $595,000 (52 weeks of annual base salary plus target bonus for first three quarters of FY2025), paid in two equal installments; 12 months of subsidized COBRA continuation coverage; $6,500 for outplacement services; Termination effective August 18, 2025 due to elimination of Chief People Officer role

Tom Conrad — Offer Letter | Annual base salary of $850,000; Target bonus of 100% of earned base salary under Annual Cash Incentive Plan; New hire equity: time-based RSUs ($3,500,000 grant date value, 4-year annual vesting) and PSUs ($3,500,000 at target; 40% relative TSR vs Russell 2000, 60% financial performance goals for FY2026 and FY2027); Qualifying termination (without Cause or for Good Reason, not during 12 months following corporate transaction): 24 months continued salary, pro-rata bonus at actual performance, $750,000 Interim CEO bonus (if unpaid), COBRA for up to 18 months, 12 months accelerated RSU vesting; Qualifying termination during 12 months following corporate transaction: same as above plus full acceleration of time-based equity, full acceleration of performance-based equity (at actual for completed periods, at target for in-process periods)

Tom Conrad RSU – 2018 Equity Incentive Plan (Grant FV $3,462,119)

Tom Conrad RSU – 2018 Equity Incentive Plan (Grant FV $2,611,074)

Patrick Spence — Transition Agreement | Advisory services through June 30, 2025 at $7,500/month base salary; Cash severance of $1,875,000 at End Date (subject to release of claims); 12 months of subsidized COBRA continuation coverage; Accelerated vesting of unvested RSUs that would have vested through June 30, 2026; Stock options remain exercisable until June 30, 2026; Reaffirmation of restrictive covenants

Patrick Spence RSU – 2018 Equity Incentive Plan (Grant FV $2,598,173)

Saori Casey RSU – 2018 Equity Incentive Plan (Grant FV $1,739,430)