Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 384

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1B
Chunk 384
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    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, the Company granted four independent directors a total of 101,564 restricted stock units. The units were valued at
$65,001 or $.64 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) September 30,2026,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

On
December 31, 2023 the Company granted four independent directors a total of 171,056 restricted stock units. The units were valued at
$65,001 or $.38 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