Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 77

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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on the historical publicly traded price of our common stock.

Restricted stock units

The following table summarizes restricted stock unit
activity under our stock-based plans for the year ended December 31, 2024 and for the three months ended March 31, 2025:

 Schedule
of Restricted Stock Unit Activity

    Shares  
    Weighted Average Grant Date Fair Value  
    Weighted Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2023 
     1,799,025  
    $0.94  
     —  
    $1,691,084 
  
    Awarded 
     912,555  
    $0.36  
     —  
    $328,520 
  
    Outstanding at December 31, 2024 
     2,711,580  
    $0.75  
     —  
    $2,033,685 
  
    Awarded 
     225,690  
    $0.36  
     —  
    $81,248 
  
    Outstanding at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 

    Expected to vest at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 
  
    Vested at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 
  
    Unvested at March 31, 2025 
     —  

    Unrecognized expense at March 31, 2025 
    $—  

    18

2024

On March 31, 2024 the company grated granted five
independent directors a total of 162,500 restricted stock units. The units were valued at $81,250 or $.50 per share, based on the closing
stock price on the date of the grant. All units vested immediately. The shares of common stock associated with the restricted stock units
will be issued to each director upon the earliest to occur of (A) March 31, 2027, (B) a change in