Company: SONM
Filing Date: 2025-06-18
Form Type: DEFC14A
Source: 0001641172-25-015578
Chunk: 44

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-18
Form: DEFC14A
Chunk 44
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 | % |     |             |        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 consultants are eligible to participate in the 2019 Plan. All of our 117 employees, four non-employee directors, and 33 consultants are currently eligible to participate in the 2019 Plan and may receive all types of stock awards, other than ISOs, under the 2019 Plan. ISOs may be granted under the 2019 Plan only to our employees in the United States.

Authorized Shares.If this proposal is approved, the total number of our common stock reserved for issuance under the 2019 Plan will not exceed 2,474,054, which number is the sum of:

| (i)    | 18,851 shares that were approved in connection with the 2019 Plan’s initial adoption;                                                  |
| (ii)   | the                                                                                                                                    
 number of shares subject to outstanding stock options or other stock awards that were granted under our 2012 Equity Incentive Plan,    
 as amended, as of the initial adoption of the 2019 Plan, to the extent such awards are forfeited, terminated, expire, or are otherwise 
 not issued;                                                                                                                            |
| (iii)  | 30,000                                                                                                                                 
 shares that were approved at our 2020 annual meeting of stockholders;                                                                  |
| (iv)   | 500,000                                                                                                                                
 shares that were approved at our 2022 annual meeting of stockholders;                                                                  |
| (v)    | 200,000                                                                                                                                
 shares that were