Company: SONM
Filing Date: 2025-06-20
Form Type: PRRN14A
Source: 0001213900-25-056078
Chunk: 42

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-20
Form: PRRN14A
Chunk 42
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 PROPOSAL AND INTEND TO VOTE OUR SHARES “FOR” THE PROPOSAL. 23 PROPOSAL NO. 3 TO APPROVE AN AMENDMENT TO THE SONIM TECHNOLOGIES, INC. 2019 EQUITY INCENTIVE PLAN, AS AMENDED , TO INCREASE THE AGGREGATE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED FOR ISSUANCE As discussed in further detail in the Company Proxy Statement, the Board is asking the Company’s stockholders to approve an amendment to the Sonim Technologies, Inc. 2019 Equity Incentive Plan, as amended (the “ 2019 Plan”) in order to increase the number of shares of Common Stock available for issuance under the 2019 Plan by 600,000shares. A summary of the 2019 Plan and the material terms thereof are set forth in the Company Proxy Statement, along with a copy of the 2019 Plan. The proposed amendment to the 2019 Plan increases the number of shares available to be issued by 600,000shares, or an additional 5.82%of the shares outstanding. Given Sonim recent history of poor equity compensation pay practices, including the grant and subsequent acceleration of 555,845 RSU’s in 2025 alone, we do not believe the Company should be given the opportunity to further enrich management through lucrative equity award grants, while simultaneously continuing a pattern of stockholder dilution. If the Board had acted in a more prudent and responsible manner regarding its equity compensation practices, it would not need stockholders to authorize these additional shares of Common Stock for issuance. By voting “ AGAINST” Proposal No.3, stockholders can send a powerful message to Sonim that responsible equity compensation practices are needed and that further use of excessive equity compensation in the face of an proxy contests will not be tolerated. For the reasons stated above, we recommend a vote AGAINSTthis proposal. WE RECOMMEND A VOTE “AGAINST” THE COMPANY’S EQUITY INCENTIVE PLAN PROPOSAL AND INTEND TO VOTE OUR SHARES “AGAINST” THIS PROPOSAL. 24 Proposal 4: VOTE, ON A NON-BINDING , ADVISORY BASIS, ON THE COMPENSATION OF
sONIM’S “NAMED EXECUTIVE OFFICERS” Based on information contained in the Company Proxy Statement, stockholders will be asked to vote on a non -binding, advisory basis, on the compensation of the Company’s “named executive officers”