Company: SONM
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009749
Chunk: 14

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-12
Form: 10-Q
Item: Item 8
Chunk 14
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-based compensation
    expenses 
    $290  
    $324 

Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.

Stock
Options

Stock
option activity for the three months ended March 31, 2025, is set forth in the table below:

 Summary of Stock Option Activity

    Options  
    Weighted average exercise price per share  
    Weighted average remaining contractual life (in years)  
    Aggregate Intrinsic Value* 
  
    Outstanding at January 1, 2025 
     755,494  
    $6.48  

    Granted 
     —  
     —  

    Exercised 
     —  
     —  

    Forfeited and Expired 
     (35,319) 
     4.69  

    Outstanding at March 31, 2025 
     720,175  
    $6.57  
     8.00  
    $— 
  
    Vested and Expected to Vest at March 31, 2025 
     720,175  
    $6.57  
     8.00  
    $— 
  
    Exercisable at March 31, 2025 
     360,950  
    $7.83  
     7.53  
    $— 

    *
    The
    intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance
    sheet date.

As
of March 31, 2025, there was approximately $1,262 of unamortized stock-based compensation cost related to unvested stock options, which
is expected to be recognized over a weighted average period of 1.63 years.

    12

Restricted
Stock Units

Restricted
Stock Unit (“RSU”) activity for the three months ended March 31, 2025, is set forth in the table below:

 Schedule of Outstanding Restricted Stock Units

    RSUs 
  
    Outstanding at January 1, 2025 
     67,962 
  
    Granted 
     555,845 
  
    Released 
     (2,149)
  
    Forfeited 
     — 
  
    Outstanding at March 31, 2025 
     621,658 

As
of March