MICHAEL C. MULICA - 20 Jun 2024 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Role
Director
Signature
/s/ Clayton Crolius by power of attorney
Issuer symbol
SONM
Transactions as of
20 Jun 2024
Net transactions value
-$24,851
Form type
4
Filing time
24 Jun 2024, 16:25:33 UTC
Previous filing
10 Jan 2024
Next filing
14 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONM Common Stock Award $0 +78,947 +20% $0.000000 464,172 20 Jun 2024 Direct F1, F2
transaction SONM Common Stock Sale $24,851 -36,016 -7.8% $0.6900 428,156 21 Jun 2024 Direct F3, F4, F5
* 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) 318,550 shares of common stock and (ii) 145,622 unvested restricted stock units.
F3 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.69 to $0.71, inclusive. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer, or a securityholder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 Consists of (i) 282,534 shares of common stock and (ii) 145,622 unvested restricted stock units.