Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 33

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 33
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 Nasdaq Capital Market                     |     | $                  |     0.7536 |

| (1) | Represents shares issuable pursuant to our 2019 ESPP. |

| 20 |

The following table provides
detailed information regarding the activity related to our equity incentive plans for fiscal years 2022, 2023, and 2024, which has been
retroactively adjusted to reflect the 1-for-10 reverse stock split that became effective on July 17, 2024.

|                                                                             |     | Fiscal Year 
 2024        |           |   |     | Fiscal Year 
 2023        |           |   |     | Fiscal Year 
 2022        |           |   |
| Total number of shares of common stock subject to stock options granted     |     |             |   259,000 |   |     |             |   180,300 |   |     |             |   482,945 |   |
| Total number of shares of common stock subject to full value awards granted |     |             |    64,178 |   |     |             |    44,522 |   |     |             |    84,107 |   |
| Weighted-average number of shares of common stock outstanding               |     |             | 4,718,141 |   |     |             | 4,278,694 |   |     |             | 3,007,669 |   |
| Burn Rate (1)                                                               |     |             |         7 | % |     |             |         5 | % |     |             |        19 | % |

| (1) | Burn rate is the summation of the total number of stock options                           
 granted and full value awards granted divided by the weighted-average shares outstanding. |

Description of the 2019 Plan

The material features of the 2019 Plan (as proposed to be amended and modified and assuming that the increase of the shares authorized under the 2019 Plan is approved) are outlined below. This summary is qualified in its entirety by reference to the complete text of the 2019 Plan. Stockholders are encouraged to read the actual text of the 2019 Plan, which is included in this proxy statement as Annex C.

Awards.The 2019 Plan provides for the grant of incentive stock options (“ISOs”), nonstatutory stock options (“NSOs”), stock appreciation rights, restricted stock awards, restricted stock unit awards, performance