Company: SONM
Filing Date: 2025-11-24
Form Type: PREM14A
Source: 0001493152-25-024848
Chunk: 95

Company: SONIM TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: PREM14A
Chunk 95
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 currently disclosed expectations.
Our board will conduct a careful process, and there is no set timeframe for completing the exploration of alternatives.

Interests of our Directors and Executive Officers in the Asset Sale

In considering the recommendation of our Special
Committee and our board to vote “FOR” the Asset Sale Proposal, you should be aware that, aside from their interests as Sonim
stockholders, our directors and executive officers have interests in the Asset Sale that are different from, or in addition to, the interests
of our stockholders generally.

These interests include:

| (i) | potential payments to our non-employee directors; |

| 65 |

| (ii) | potential payments to our named executive officers pursuant to the                       
 terms of agreements we have previously entered into with those named executive officers; 
 and                                                                                      |

| (iii) | potential acceleration of options previously granted to our named                           
 executive officers pursuant to the terms of agreements we have previously entered into with 
 those named executive officers.                                                             |

Additional information concerning these potential
payments is provided under “— Golden Parachute Compensation” below. For more information on the severance
and change in control agreements that we have entered into with our named executive officers, see “— The Severance and Change in Control Agreements” below.

Cash Payments to Non-Employee Directors

We maintain a non-employee director compensation
policy pursuant to which our non-employee directors are eligible to receive compensation for service on our board of directors and committees
of our board of directors, including annual equity awards of restricted stock units (“RSUs”) issuable pursuant to the Sonim
Technologies, Inc. 2019 Equity Incentive Plan (the “Plan”). However, no RSU awards were issued to our non-employee directors
following the 2025 annual meeting because of a lack of shares authorized to be issued under the Plan.

Accordingly, the Compensation Committee of our
board approved the grant of a cash award (the “Substitute Cash Grant”) to non-employee directors of the board in lieu of
a grant of RSUs under the Plan. The amount of the Substitute Cash Grant will be determined using the following methodology (designed
to closely replicate RSU vesting under the current non-employee director compensation policy:

| (i)  | assumption that the number of RSUs                                                                                                
 valued at $60,000 (based on the Fair Market Value (as defined in the Plan) as of the date of grant — the date of the Compensation