Company: SONM
Filing Date: 2025-05-23
Form Type: PREC14A
Source: 0001641172-25-012277
Chunk: 41

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-05-23
Form: PREC14A
Chunk 41
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 to our 2019 ESPP. |

| 25 |

The following table provides detailed information regarding the activity related to our equity incentive plans for fiscal years 2022, 2023, and 2024, which has been retroactively adjusted to reflect the 1-for-10 reverse stock split that became effective on July 17, 2024.

|                                                                             |     | Fiscal Year 
 2024        |           |   |     | Fiscal Year 
 2023        |           |   |     | Fiscal Year 
 2022        |           |   |
| Total number of shares of common stock subject to stock options granted     |     |             |   259,000 |   |     |             |   180,300 |   |     |             |   482,945 |   |
| Total number of shares of common stock subject to full value awards granted |     |             |    64,178 |   |     |             |    44,522 |   |     |             |    84,107 |   |
| Weighted-average number of shares of common stock outstanding               |     |             | 4,718,141 |   |     |             | 4,278,694 |   |     |             | 3,007,669 |   |
| Burn Rate (1)                                                               |     |             |         7 | % |     |             |         5 | % |     |             |        19 | % |

| (1) | Burn                                                                                                                             
 rate is the summation of the total number of stock options granted and full value awards granted divided by the weighted-average 
 shares outstanding.                                                                                                              |

Description of the 2019 Plan

The material features of the 2019 Plan (as proposed to be amended and modified and assuming that the increase of the shares authorized under the 2019 Plan is approved) are outlined below. This summary is qualified in its entirety by reference to the complete text of the 2019 Plan. Stockholders are encouraged to read the actual text of the 2019 Plan, which is included in this proxy statement as Annex A.

Awards.The 2019 Plan provides for the grant of incentive stock options (“ISOs”), nonstatutory stock options (“NSOs”), stock appreciation rights, restricted stock awards, restricted stock unit awards, performance-based stock awards, and other stock awards, or collectively, stock awards.

Eligibility. Employees, non-employee directors, and