Company: SONM
Filing Date: 2025-09-09
Form Type: PRE 14A
Source: 0001493152-25-012903
Chunk: 30

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-09
Form: PRE 14A
Chunk 30
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 to 2,874,054 shares.
No other changes are being made to the 2019 Plan. The proposed 2019 Plan, as amended and restated assuming this proposal is approved
by our stockholders, is included as Annex C hereto.

Stockholder approval of the amendment to the 2019 Plan is being sought in order to (i) meet Nasdaq listing requirements and (ii) allow for incentive stock options to meet the requirements of the Internal Revenue Code of 1986, as amended (the “Code”). For additional information regarding our current officer and director compensation, see the section titled “ Executive and Director Compensation.” We also encourage you to review the section titled “ Equity compensation plan information” for more information with regard to all our equity compensation plans.

If our stockholders approve this proposal, the amendment to the 2019 Plan will become effective as of the date of the Special Meeting. We intend to file a Registration Statement on Form S-8 to register additional shares available for issuance under the 2019 Plan as a result of the amendment. If our stockholders fail to approve this proposal, the 2019 Plan will remain as is without any changes thereto.

As of September [XX], 2025, the record date, the number of shares of our common stock authorized for issuance but unissued under the 2019 Plan was [43,927]. As of the record date, the Company has outstanding stock options to purchase approximately [658,809] shares of common stock and no shares of common stock subject to outstanding restricted stock units, all of which were granted under the 2019 Plan and various other prior plans.

Reasons to vote approve the proposal

Equity awards are an important part of our compensation philosophy

Our board believes that
it is very important that our eligible employees, consultants, and directors (collectively, “Participants”) receive part
of their compensation in the form of equity awards to foster their investment in us, reinforce the link between their financial interests
and those of our other stockholders, and maintain a competitive compensation program. Equity compensation fosters a Participant ownership
culture, motivates Participants to create stockholder value and, because the awards are typically subject to vesting and other conditions,
promotes a focus on long-term value creation. The equity incentive programs we have in place have worked to build stockholder value by
attracting and retaining extraordinarily talented employees, consultants, and directors. The board believes we should continue
to offer competitive equity compensation packages in order