Jack Steenstra - Jul 19, 2024 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Role
Director
Signature
/s/ Clayton Crolius, by power of attorney
Stock symbol
SONM
Transactions as of
Jul 19, 2024
Transactions value $
-$5,956
Form type
4
Date filed
7/23/2024, 08:05 AM
Previous filing
Jun 24, 2024

Transactions Table

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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 $3.67 to $3.72, 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) 14,770 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.