Company: SONM
Filing Date: 2025-09-19
Form Type: DEF 14A
Source: 0001493152-25-014244
Chunk: 34

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-09-19
Form: DEF 14A
Chunk 34
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 compensation committee determines prior to the date of increase that there will be a lesser increase or no increase.

Shares subject to stock awards granted under our 2019 Plan that expire or terminate without being exercised in full, or that are paid out in cash rather than in shares, do not reduce the number of shares available for issuance under our 2019 Plan. Additionally, shares become available for future grants under our 2019 Plan if they were issued under stock awards under our 2019 Plan and we repurchase them or they are forfeited. This includes shares used to pay the exercise price of a stock award or to satisfy the tax withholding obligations related to a stock award.

Plan Administration.Our Board and our Compensation Committee administer our 2019 Plan. Our Board may also delegate to one or more of our officers the authority to (i) designate employees (other than officers) to receive specified stock awards, and (ii) determine the number of shares subject to such stock awards. Under our 2019 Plan, our Board has the authority to determine and amend the terms of awards, including:

| ● | recipients;                                                                                                 |
| ● | the                                                                                                         
 exercise, purchase, or strike price of stock awards, if any;                                                |
| ● | the                                                                                                         
 number of shares subject to each stock award;                                                               |
| ● | the                                                                                                         
 fair market value of a share of our common stock in the event no public market exists for our common stock; |
| ● | the                                                                                                         
 vesting schedule applicable to the awards, together with any vesting acceleration; and                      |
| ● | the                                                                                                         
 form of consideration, if any, payable upon exercise or settlement of the award.                            |

Under our 2019 Plan, our Board also generally has the authority to effect, with the consent of any adversely affected participant:

| ● | the                                                                                                                               
 reduction of the exercise, purchase, or strike price of any outstanding award;                                                    |
| ● | the                                                                                                                               
 cancellation of any outstanding stock award and the grant in substitution therefor of other awards, cash, or other consideration; 
 or                                                                                                                                |
| ● | any                                                                                                                               
 other action that is treated as a repricing under generally accepted accounting principles.                                       |

Non-Employee Director Limitation.The maximum number of shares of common stock subject to awards granted under the 2019 Plan or otherwise during any one calendar year to any non-employee director, taken together with any cash fees paid by us to the non-employee director during that