| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SONM | Common Stock | Sale | -$5.96K | -1.62K | -5.92% | $3.67* | 25.8K | Jul 19, 2024 | Direct | F1, F2, F3, F4 |
| holding | SONM | Common Stock | 1.95M | Jul 19, 2024 | By AJP Holding Company, LLC | F4, F5 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.65 to $3.67, 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. |
| F3 | Consists of (i) 14,757 shares of common stock and (ii) 11,022 unvested restricted stock units. |
| F4 | The number of securities reported herein reflects the effects of a 1-for-10 reverse stock split effected by the Issuer on July 17, 2024, which was exempt from reporting pursuant to Rule 16a-9. |
| F5 | 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. |