Hao Peter Liu - 23 Aug 2023 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Signature
/s/ Clay Crolius, by power of attorney
Issuer symbol
SONM
Transactions as of
23 Aug 2023
Net transactions value
+$419,000
Form type
4
Filing time
23 Aug 2023, 21:39:23 UTC
Previous filing
21 Nov 2022
Next filing
10 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONM Common Stock Options Exercise $419,000 +1,000,000 +95% $0.4190 2,057,831 23 Aug 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SONM Employee Stock Option (right to buy) Options Exercise $0 -1,000,000 -25% $0.000000 3,014,419 23 Aug 2023 Common Stock 1,000,000 $0.4190 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (i) 254,505 vested stock options and (ii) 2,759,914 stock options that will vest in eleven equal quarterly installments from October 14, 2023 to April 14, 2026. The options become exercisable upon vesting.