Jeffrey Wang - 28 Sep 2023 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Role
Director, 10%+ Owner
Signature
/s/ Clayton Crolius by power of attorney
Issuer symbol
SONM
Transactions as of
28 Sep 2023
Net transactions value
$0
Form type
4
Filing time
29 Sep 2023, 19:01:12 UTC
Previous filing
21 Nov 2022
Next filing
24 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONM Common Stock Award $0 +89,525 +63% $0.000000 231,080 28 Sep 2023 Direct F1, F2
holding SONM Common Stock 19,463,452 28 Sep 2023 By AJP Holding Company, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of restricted stock units that vest in one installment on the earlier of the first anniversary of the grant date, immediately prior to the next annual meeting of stockholders, a change in control of the Issuer, or the Reporting Person's death or disability, subject to the Reporting Person's continued service to the Issuer. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock.
F2 Consists of (i) 79,006 shares of common stock and (ii) 152,074 unvested restricted stock units.
F3 The Reporting Person is the sole manager of AJP Holding Company, LLC and may be deemed to be a beneficial owner of securities held by AJP Holding Company, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for Section 16 or any other purpose.