Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 361

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 361
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     |  6.5 |   |

Restricted Stock Awards:

During 2023, 45,736 restricted stock awards, as adjusted for the Reverse Stock Split, with a grant date value of $305 were awarded and released in exchange for consulting services. The expense was recorded in the Consolidated Statements of Operations as General and Administrative expenses.

Restricted Stock Units:

The Company accounts for restricted stock units (“RSUs”) issued to employees and non-employees at fair value, based on the market price of the Company’s common stock on the date of grant. The RSUs are expensed over the vesting period, and the Company accounts for forfeitures as they occur. RSUs, primarily issued as incentives, generally vest annually over one to four years.

The following table summarizes the RSU activity for the year ended December 31, 2024 and has been adjusted retrospectively for the Reverse Stock Split:

Schedule of Outstanding Restricted Stock Units

|                                  |     | RSUs |         |   |     | Weighted average grant date fair value per share |      |
|:---------------------------------|:----|:-----|--------:|:--|:----|:-------------------------------------------------|-----:|
| Outstanding at January 1, 2024   |     |      |  68,185 |   |     | $                                                | 7.76 |
| Granted                          |     |      |  64,178 |   |     |                                                  | 5.93 |
| Released                         |     |      | (57,621 | ) |     |                                                  | 7.96 |
| Forfeited                        |     |      |  (6,780 | ) |     |                                                  | 5.90 |
| Outstanding at December 31, 2024 |     |      |  67,962 |   |     | $                                                | 6.05 |

As of December 31, 2024, there was approximately $248 of unamortized stock-based compensation cost related to unvested RSUs, which is expected to be recognized over a weighted average period of 0.69 years.

| F-43 |

NOTE 9—Income Taxes

The following table presents the income (loss) before income taxes for domestic and foreign operations, and the components of the provision (benefit) for income taxes for the years ended December 31:

Schedule of Income Tax Expense Benefit

|                                   |     |   |    2024 |   |     |