Jeffrey Wang - 23 Apr 2025 Form 4 Insider Report for SONIM TECHNOLOGIES INC (SONM)

Role
Director
Signature
/s/ Clay Crolius, by power of attorney
Issuer symbol
SONM
Transactions as of
23 Apr 2025
Net transactions value
-$6,493
Form type
4
Filing time
25 Apr 2025, 08:35:34 UTC
Previous filing
23 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SONM Common Stock Sale $6,493 -4,478 -17% $1.45 21,301 23 Apr 2025 Direct F1, F2
holding SONM Common Stock 1,946,346 23 Apr 2025 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 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 $1.42 to $1.45, 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 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.