Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 30

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 30
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 hereto.

Stockholder approval of the amendment to the 2019 Plan is being sought in order to (i) meet Nasdaq listing requirements and (ii) allow for incentive stock options to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”). For additional information regarding our current officer and director compensation, see the section titled “ Executive and Director Compensation.” We also encourage you to review the section titled “ Equity compensation plan information” for more information with regard to all our equity compensation plans.

If our stockholders approve this proposal, the amendment to the 2019 Plan will become effective as of the date of the Special Meeting. We intend to file a Registration Statement on Form S-8 to register additional shares available for issuance under the 2019 Plan as a result of the amendment. If our stockholders fail to approve this proposal, the 2019 Plan will remain as is without any changes thereto.

As of September 15, 2025, the record date, the number of shares of our common stock available for grant under the 2019 Plan was 43,927. As of the record date, the Company has outstanding stock options to purchase approximately 658,809 shares of common stock and no shares of common stock subject to outstanding restricted stock units, all of which were granted under the 2019 Plan and various other prior plans.

Reasons to vote approve the proposal

Equity awards are an important part of our compensation philosophy

Our board believes that
it is very important that our eligible employees, consultants, and directors (collectively, “Participants”) receive part
of their compensation in the form of equity awards to foster their investment in us, reinforce the link between their financial interests
and those of our other stockholders, and maintain a competitive compensation program. Equity compensation fosters a Participant ownership
culture, motivates Participants to create stockholder value and, because the awards are typically subject to vesting and other conditions,
promotes a focus on long-term value creation. The equity incentive programs we have in place have worked to build stockholder value by
attracting and retaining extraordinarily talented employees, consultants, and directors. The board believes we should continue
to offer competitive equity compensation packages in order to attract and motivate the talent necessary for our continued growth and
success.

We expect to expand our team and anticipate the eventual growth of our business

The purposes of the 2019 Plan are to attract, retain, and motivate officers and key employees (including prospective employees