Company: SONM
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001493152-25-012903
Chunk: 53

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 53
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 718 as stock-based compensation in our consolidated financial statements. The grant date fair value of stock awards       
 was based on the closing price per share of our common stock on the applicable grant date. These amounts do not necessarily correspond 
 to the actual value that may be recognized from the stock awards by the non-employee directors.                                        |
| (2) | Following                                                                                                                              
 the 2024 annual meeting of the Company’s stockholders, each non-employee director was awarded 7,895 RSUs on June 20, 2024 having       
 a grant date fair value of $60,000.                                                                                                    |
| (3) | As                                                                                                                                     
 of December 31, 2024, each non-employee director held the following number of unvested RSUs:                                           |

| (i)  | Mr.                                            
 Mulica — 22,019; and                           |
| (ii) | Mr.                                            
 Wang, Mr. Steenstra, and Mr. Cassano — 11,022. |

| 33 |

Non-employee director compensation policy

We maintain a non-employee director compensation policy pursuant to which our non-employee directors are eligible to receive compensation for service on our board of directors and committees of our board of directors. Our board of directors or Compensation Committee may amend the non-employee director compensation policy from time to time. Effective as of January 1, 2024, our board of directors amended and restated the Non-Employee Director Compensation Policy.

Equity Compensation

Each new non-employee director who joins our Board of Directors is granted an initial award of RSUs under the EIP, having a grant date fair market value of $60,000. If a non-employee director is appointed or elected to our board of directors other than in connection with an annual meeting of stockholders, then such non-employee director shall be awarded the full initial grant upon such non-employee director’s appointment or election, and the annual grant to be awarded to such non-employee director at the first annual meeting of stockholders following such appointment or election shall be pro-rated for the number of months served prior to such annual meeting of stockholders.

Each of our non-employee directors continuing to serve on the board of directors also receives an annual equity award of RSUs under the EIP. On June 20, 2024, Messrs. Mulica, Cassano, Steenstra, and Wang each received an RSU grant of 7,895 RSUs, having a