4//SEC Filing
Cassano James S 4
Accession 0001493152-24-024963
CIK 0001178697other
Filed
Jun 23, 8:00 PM ET
Accepted
Jun 24, 4:25 PM ET
Size
7.9 KB
Accession
0001493152-24-024963
Insider Transaction Report
Form 4
Cassano James S
Director
Transactions
- Award
Common Stock
2024-06-20+78,947→ 310,027 total - Sale
Common Stock
2024-06-21$0.69/sh−36,015$24,850→ 274,012 total
Footnotes (5)
- [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) 168,531 shares of common stock and (ii) 141,496 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) 132,516 shares of common stock and (ii) 141,496 unvested restricted stock units.
Documents
Issuer
SONIM TECHNOLOGIES INC
CIK 0001178697
Entity typeother
Related Parties
1- filerCIK 0001343514
Filing Metadata
- Form type
- 4
- Filed
- Jun 23, 8:00 PM ET
- Accepted
- Jun 24, 4:25 PM ET
- Size
- 7.9 KB