Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 921

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 7A
Chunk 921
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2024 the company granted five independent directors a total of 365,495 restricted stock units. The units were valued at
$81,250 or $.222 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) September 30, 2027,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

On
December 31, 2024 the company granted five independent directors a total of 197,350 restricted stock units. The units were valued at
$81,249 or $.412 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) December 31, 2027,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

In
the twelve months ended December 31, 2024, the company recorded $324,998 in restricted stock units as board compensation.

    -40-

Restricted
Stock Unit Compensation Expense

The
impact on our results of operations of recording stock-based compensation expense for years ended December 31, 2024 and 2023 was as follows:

 Schedule
of Stock-based Compensation Expense

    2024  
    2023 

    Years Ended 

    December 31, 

    2024  
    2023 
  
    General and administrative 
    $324,998  
    $260,007 
  
    Sales and Marketing 
     —  
     — 
  
    Total 
    $324,998  
    $260,007 

10.
Warrants to Purchase Common Stock

The
following table summarizes investor warrant activity as of and for the years ended December 31, 2024 and 2023:

 Schedule
of Investor Warrants

    Shares  
    Weighted Average Exercise Price  
    Weighted Average Remaining Contractual Term (Years) 
  
    Outstanding at December 31, 2022 
     6,147,898  
    $1.45  
     2.27 
  
    Granted 
     9,563