Sancarin S.L. Exits Sonos (SONO) Position, Now Owns 0.00%

TL;DR

**Sancarin S.L. just dumped all their Sonos shares, now holding 0%.**

AI Summary

Sancarin S.L., a Spanish entity, has filed an amended SC 13G/A form for Sonos, Inc. (SONO) indicating they no longer beneficially own any shares as of December 31, 2023. This 'exit filing' means Sancarin S.L. has sold all their previous holdings in Sonos, reducing their ownership from an undisclosed prior amount to 0.00% of the class. This matters to investors because a significant institutional holder has completely exited their position, which could signal a loss of confidence in Sonos's future prospects from that particular investor's perspective.

Why It Matters

This filing shows a former institutional investor, Sancarin S.L., has completely sold off its stake in Sonos, Inc., which could be interpreted as a bearish signal by other investors.

Risk Assessment

Risk Level: medium — The complete exit of an institutional investor can sometimes precede negative news or indicate a lack of confidence, posing a medium risk to current shareholders.

Analyst Insight

Investors should investigate why Sancarin S.L. fully exited its position in Sonos, Inc. and consider if there are underlying concerns about the company's future performance before making investment decisions.

Key Numbers

• 0 — Aggregate Amount Beneficially Owned (Sancarin S.L. now owns zero shares of Sonos Inc.)
• 0.00% — Percent of Class Represented (Sancarin S.L.'s ownership percentage in Sonos Inc. after the exit)

Key Players & Entities

• Sancarin S.L. (company) — the reporting person who filed the SC 13G/A and exited their position in Sonos Inc.
• Sonos Inc. (company) — the subject company whose common stock was previously held by Sancarin S.L.
• 0.00% (dollar_amount) — the percentage of Sonos Inc. common stock beneficially owned by Sancarin S.L. as of December 31, 2023
• December 31, 2023 (date) — the date of the event which required the filing of this statement, indicating when Sancarin S.L. no longer held shares

Forward-Looking Statements

• Other institutional investors may review Sancarin S.L.'s exit and potentially re-evaluate their own positions in Sonos Inc. (Sonos Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tm244468d1_sc13ga.htm (SC 13G/A) — 52KB
• 0001104659-24-008340.txt ( ) — 53KB

(a)

Item 1(a). Name of Issuer : Sonos, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices : 614 Chapala Street Santa Barbara, CA 93101

(a)

Item 2(a). Name of Person Filing : Sancarin S.L. Ms. Concepcion Calleja Delegido

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence : Parque empresarial MINIPARC I, Calle Azalea, 1, Edificio A, 2A, 28019, Madrid, Spain

(c)

Item 2(c). Citizenship : Sancarin S.L. is sociedad limitada organized under the laws of Spain. Ms. Concepcion Calleja Delegido is a citizen of Spain.

(d)

Item 2(d). Title of Class of Securities : Common Stock, par value of $.0001 per share

(e)

Item 2(e). CUSIP Number : 83570H108 Item 3. Not applicable Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned by Sancarin S.L.: 0] (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 0 Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned by Ms. Concepcion Calleja Delegido: 0 (b) Percent of Class: 0.00% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . Item 6. No. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purp

View Full Filing

View this SC 13G/A filing on SEC EDGAR