Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 919

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 7A
Chunk 919
---
     —  
    $260,886 
  
    Released 
     (545,012) 
    $1  
     —  
    $(588,613)
  
    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 

    Vested at December 31, 2024 
     2,711,580  
    $0.75  
     —  
    $2,033,685 
  
    Unvested at December 31, 2024 
     —  
    $—  
     —  
    $— 
  
    Unrecognized expense at December 31, 2024 
    $—  

    -39-

2023

On
March 31, 2023, the Company granted four independent directors a total of 61,342 restricted stock units. The units were valued at $65,002
or $1.05 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, 2026, (B) a change
in control of the Company, and (C) the termination of the director’s service with the Company.

On
June 30, 2023, the Company granted four independent directors a total of 80,160 restricted stock units. The units were valued at $65,003
or $0.81 per share, based on the closing stock price on the date of the grant. All units vest 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) June 30, 2026, (B) a change
in control of the Company, and (C) the termination of the director’s service with the Company.

On
September 30, 2023,