Company: SONM
Filing Date: 2025-12-05
Form Type: DEFM14A
Source: 0001493152-25-026277
Chunk: 324

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-12-05
Form: DEFM14A
Chunk 324
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 36,360 |   |     | $         | 111.53 |     |             | 7.38 |     | $         | — |
| Exercisable at September 30, 2025                 |     |         | 26,171 |   |     | $         | 117.37 |     |             | 7.12 |     | $         | — |

| * | The                                                                                                                              
 intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance 
 sheet date.                                                                                                                      |

As of September 30, 2025, there was approximately $692 of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of 1.25 years.

| F-18 |

Restricted Stock Units

Restricted Stock Unit (“RSU”) activity, as adjusted for the Reverse Stock Splits, for the nine months ended September 30, 2025, is set forth in the table below:

Schedule of Outstanding Restricted Stock Units

|                                   |     | RSUs |         |   |
| Outstanding at January 1, 2025    |     |      |   3,769 |   |
| Granted                           |     |      |  39,187 |   |
| Released                          |     |      | (42,956 | ) |
| Forfeited                         |     |      |       — |   |
| Outstanding at September 30, 2025 |     |      |       — |   |

NOTE 7 — Income Taxes

For the three months ended September 30, 2025, and 2024, the Company recorded provisions for income taxes of $90 and $117, respectively. For the nine months ended September 30, 2025, and 2024, the Company recorded provisions for income taxes of $361 and $279, respectively. The Company’s effective income tax rate is negative 3.2% for the nine months ended September 30, 2025, compared to negative 2.5% for the nine months ended September 30, 2024. The effective tax rate is higher than the U.S. federal statutory tax rate primarily as a result of the Company’s full valuation allowance in the United States and foreign income taxes paid in China and India.

The Company’s material income tax jurisdictions are the United States (federal and California), China and India. As