B. Riley Financial, Inc. - Aug 23, 2021 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Role
10%+ Owner
Signature
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer
Stock symbol
SONM
Transactions as of
Aug 23, 2021
Transactions value $
-$1,161,817
Form type
4
Date filed
8/25/2021, 05:31 PM
Previous filing
Aug 23, 2021
Next filing
Aug 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONM Common Stock Sale -$70K -176K -3.07% $0.40 5.56M Aug 23, 2021 By BRC Partners Opportunity Fund, L.P. F1, F2
transaction SONM Common Stock Sale -$474K -1.16M -20.85% $0.41 4.4M Aug 24, 2021 By BRC Partners Opportunity Fund, L.P. F1, F2
transaction SONM Common Stock Sale -$618K -1.5M -34.06% $0.41 2.9M Aug 25, 2021 By BRC Partners Opportunity Fund, L.P. F1, F2
holding SONM Common Stock 4.7M Aug 23, 2021 By B. Riley Principal Investments, LLC F1, F2, F3
holding SONM Common Stock 24.3K Aug 23, 2021 By Bryant R. Riley, as UTMA custodian for Susan Riley F1, F2
holding SONM Common Stock 24.3K Aug 23, 2021 By Bryant R. Riley, as UTMA custodian for Charlie Riley F1, F2
holding SONM Common Stock 24.3K Aug 23, 2021 By Bryant R. Riley, as UTMA custodian for Eloise Riley F1, F2
holding SONM Common Stock 24.3K Aug 23, 2021 By Bryant R. Riley, as UTMA custodian for Abigail Riley F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

B. Riley Financial, Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed jointly by B. Riley Financial, Inc., a Delaware corporation ("BRF"), BRC Partners Opportunity Fund, LP, a Delaware limited partnership ("BRPLP"), BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Capital Management, LLC, a New York limited liability company, a registered investment advisor ("BRCM"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), and Bryant R. Riley. BRPGP is a subsidiary of BRCM and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPLP. BRF is the parent company of BRPI. As a result, BRF may be deemed to indirectly beneficially own the shares held by BRPI.
F2 Bryant R. Riley is the Co-Chief Executive Officer and Chairman of the Board of Directors of BRF. As a result, Bryant R. Riley may be deemed to indirectly beneficially own the shares of Common Stock directly held by BRF, BRPLP, and BRPI. Each of BRF, BRPLP, BRPGP, BRCM, and BRPI (collectively, the "B. Riley Entities") and Bryant R. Riley disclaims beneficial ownership of the outstanding shares of Common Stock reported herein, except to the extent of its/his respective pecuniary interest therein.
F3 Represents 1,139,085 shares previously owned directly by BRF and subsequently transferred to its wholly-owned subsidiary BRPI.