Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 290

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 290
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7.00 
  
    Expected dividend yield 
     —  
     — 
  
    Expected volatility 
     73.63 to 90.56% 
     72.88 to 83.03% 

The
risk-free interest rate assumption is based upon published interest rates appropriate for the expected life of our employee stock options.

    -38-

The
expected life of the stock options represents the weighted-average period that the stock options are expected to remain outstanding and
was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards,
vesting schedules and expectations of future employee behavior as influenced by changes to the terms of its stock-based awards.

The
dividend yield assumption is based on our history of not paying dividends and no future expectations of dividend payouts.

The
expected volatility in 2024 and 2023 is based on the historical publicly traded price of our common stock.

Restricted
stock units

The
following table summarizes restricted stock unit activity under our stock-based plans as of and for the years ended December 31, 2024
and 2023:

 Schedule
of Restricted Stock Unit Activity

    Shares  
    Weighted Average Grant Date Fair Value  
    Weighted Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2022 
     1,929,933  
    $1.04  
     —  
    $2,018,811 
  
    Awarded 
     414,104  
    $0.63  
     —  
    $260,886 
  
    Released 
     (545,012) 
    $1  
     —  
    $(588,613)
  
    Outstanding at December 31, 2023 
     1,799,025  
    $0.94  
     —  
    $1,691,084 
  
    Awarded 
     912,555  
    $0.36  
     —  
    $328,520 
  
    Outstanding at December 31, 2024 
     2,711,580  
    $0.75  
     —  
    $2,033,685 

    Vested at December 31, 2024 
     2,711,580  
    $0.75