Company: MFON
Filing Date: 2025-06-06
Form Type: 10-Q
Source: 0001641172-25-014006
Chunk: 32

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-06-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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-free interest rate assumption is based upon
published interest rates appropriate for the expected life of our employee stock options.

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 the 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 the Company’s 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 2025 and 2024 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 for the year ended December 31, 2024 and for the three months ended March 31, 2025:

 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, 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 
  
    Awarded 
     225,690  
    $0.36  
     —  
    $81,248 
  
    Outstanding at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 

    Expected to vest at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 
  
    Vested at March 31, 2025 
     2,937,270  
    $0.75  
     —  
    $2,202,953 
  
    Unvested at March 31, 2025 
     —