SONO Sonos Inc

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q1 2026: $27M, Q3 2025: $52M, Q2 2025: $53M, Q1 2025: $23M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $27M vs trailing avg $43M (-37%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Buyback $156M / FCF $65M = 242% of FCF

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

13 open-market purchases by 2 insiders

• Coliseum Capital Management, LLC () bought 180,000 shares at $14.22 on 2026-03-11
• Coliseum Capital Management, LLC () bought 320,000 shares at $14.19 on 2026-03-10
• Coliseum Capital Management, LLC () bought 420,000 shares at $13.95 on 2026-03-09
• Coliseum Capital Management, LLC () bought 118,020 shares at $15.25 on 2026-02-25
• Coliseum Capital Management, LLC () bought 133,259 shares at $14.83 on 2026-02-24
• Coliseum Capital Management, LLC () bought 360,000 shares at $14.90 on 2026-02-23
• Coliseum Capital Management, LLC () bought 290,000 shares at $15.59 on 2026-02-17
• Coliseum Capital Management, LLC () bought 257,210 shares at $15.74 on 2026-02-13
• Coliseum Capital Management, LLC () bought 100,000 shares at $16.11 on 2026-02-12
• Coliseum Capital Management, LLC () bought 26,824 shares at $16.49 on 2026-02-06

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 0 of 4 quarters

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $45M, sold $0M (net buying)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

No buyback-insider divergence detected