Company: SONM
Filing Date: 2025-06-18
Form Type: DEFC14A
Source: 0001641172-25-015578
Chunk: 61

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-06-18
Form: DEFC14A
Chunk 61
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 a defined contribution retirement plan that provides eligible U.S. employees with an opportunity to save for retirement on a tax advantaged basis. Eligible employees may defer eligible compensation on a pre-tax, or after-tax, basis, up to the statutorily prescribed annual limits on contributions under the U.S. Internal Revenue Code of 1986, as amended (the “Code”). Contributions are allocated to each participant’s individual account and are then invested in selected investment alternatives according to the participants’ directions. Employees are immediately and fully vested in their contributions. The 401(k) plan is intended to be qualified under Section 401(a) of the Code with the 401(k) plan’s related trust intended to be tax exempt under Section 501(a) of the Code. As a tax-qualified retirement plan, contributions to the 401(k) plan are deductible by us when made, and contributions and earnings on those amounts are not taxable to the employees until withdrawn or distributed from the 401(k) plan. We currently provide a matching contribution under the 401(k) plan.

Director compensation

The following table sets forth information regarding compensation earned during the year ended December 31, 2024, by our non-employee directors who served as directors during such year. Mr. Liu, our Chief Executive Officer, serves on our board of directors but does not receive compensation for his service as a director and the compensation paid to Mr. Liu for his service as an employee during the year ended December 31, 2024, is set forth in the “ Summary compensation table” above.

| Name              |     | Fees earned or Paid in Cash ($) |         |     | Stock awards(1) ($) |         |    |     | Option awards(1) ($) |   |     | Total ($) |         |
| Current Directors |     |                                 |         |     |                     |         |    |     |                      |   |     |           |         |
| Michael Mulica(3) |     |                                 | 100,000 |     |                     | 160,000 | -2 |     |                      | — |     |           | 260,000 |
| Jeffrey Wang(3)   |     |                                 |  35,000 |     |                     |  60,000 | -2 |     |                      | — |     |           |  95,000 |
| Jack Steenstra(3) |     |                                 |  55,000 |     |                     |  60