Company: MFON
Filing Date: 2025-04-07
Form Type: 10-K
Source: 0001641172-25-002942
Chunk: 292

Company: MOBIVITY HOLDINGS CORP.
Filing Date: 2025-04-07
Form: 10-K
Item: Item 1A
Chunk 292
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 the restricted stock units will be issued to each director upon the earliest to occur of (A) December 31, 2025,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

In
the twelve months ended December 31, 2023, the company recorded $260,007 in restricted stock units as board compensation.

2024

On
March 31, 2024 the company granted five independent directors a total of 162,500 restricted stock units. The units were valued at $81,250
or $.50 per share, based on the closing stock price on the date of the grant. All units vested immediately. The shares of common stock
associated with the restricted stock units will be issued to each director upon the earliest to occur of (A) March 31, 2027, (B) a change
in control of the Company, and (C) the termination of the director’s service with the Company.

On
June 30,2024 the company granted five independent directors a total of 187,210 restricted stock units. The units were valued at $81,249
or $.434 per share, based on the closing stock price on the date of the grant. All units vested immediately. The shares of common stock
associated with the restricted stock units will be issued to each director upon the earliest to occur of (A) June 30, 2027, (B) a change
in control of the Company, and (C) the termination of the director’s service with the Company.

On
September 30, 2024 the company granted five independent directors a total of 365,495 restricted stock units. The units were valued at
$81,250 or $.222 per share, based on the closing stock price on the date of the grant. All units vested immediately. The shares of common
stock associated with the restricted stock units will be issued to each director upon the earliest to occur of (A) September 30, 2027,
(B) a change in control of the Company, and (C) the termination of the director’s service with the Company.

On
December 31, 2024 the company granted five independent directors a total of 197,350 restricted stock units. The units were valued at
$81,249 or $.412 per share, based on the closing stock price on the date of the grant. All units vested immediately. The shares of common