Company: SONM
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001493152-25-020310
Chunk: 25

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 8
Chunk 25
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th of a share of Series A Junior Participating Preferred Stock
(the “Preferred Shares”), par value $0.001 per share, for $4.00 (the “Purchase Price”), once the Rights become
exercisable. The Purchase Price payable, and the number of Preferred Shares or other securities or other property issuable upon exercise
of the Rights will be subject to adjustment from time to time to prevent dilution in the event of a stock dividend on, or a subdivision,
combination or reclassification of, the Preferred Shares. The Rights are exercisable only if a person or group acquires 15.5% or more
of the Company’s outstanding common stock (an amount of “less than 20%” in the case of a passive institutional investor
as described in the Rights Plan), commences tender or exchange offer, or a similar event, as described in detail in the Purchase Agreement.

NOTE
6 — Stock-Based Compensation

Stock-based
compensation expense is as follows:

Schedule of Stock Based Compensation Expense

    2025  
    2024  
    2025  
    2024 

    Three Months Ended  
    Nine Months Ended 

    September 30,  
    September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Cost of revenues 
    $12  
    $15  
    $27  
    $42 
  
    Research and development 
     9  
     15  
     23  
     35 
  
    Sales and marketing 
     38  
     99  
     432  
     289 
  
    General and administrative 
     107  
     244  
     900  
     803 
  
    Stock-based compensation
    expenses 
    $166  
    $373  
    $1,382  
    $1,169 

Stock-based
compensation in Cost of Revenues relates to employees who focus on supply chain management.

Stock
Options

Stock
option activity, as adjusted for the Reverse Stock Splits, for the nine months ended September 30, 2025, is set forth in the table below:

Schedule of Stock Option Activity

    Options  
    Weighted  average  exercise  price per  share  
    Weighted  average  remaining  contractual  life (in