Sonim Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation

Stock-based Compensation

9 Months Ended

Sep. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-based Compensation

NOTE 9 —Stock-based Compensation

Stock-based compensation expense for the three and nine months ended September 30, 2021, and 2020 is as follows:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Cost of revenues	$	16	$	16	$	48	$	39
Sales and marketing	45		59		156		165
General and administrative	189		173		426		371
Research and development	35		64		130		195
	$	285	$	312	$	760	$	770

Stock Options:

Stock option activity for the nine months ended September 30, 2021, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

					Weighted average
				Weighted average	remaining		Aggregate
				exercise price	contractual life		Intrinsic
	Options			per share	(in years)		Value*
Outstanding at January 1, 2021	144,303		$	36.37	7.82	$	24
Options granted	—		$	—
Options exercised	(707	)	$	7.50
Options forfeited	(23,171	)	$	27.55
Options expired	(13,781	)	$	32.29
Outstanding at September 30, 2021	106,644		$	39.00	6.35	$	9


Exercisable at September 30, 2021	69,082		$	42.34	5.36	$	9

*The intrinsic value is calculated as the difference between the exercise price and the fair value of the common stock on the balance sheet date.

As of September 30, 2021, there was approximately $1,758 of unamortized stock-based compensation cost related to unvested stock options, which is expected to be recognized over a weighted average period of approximately three years.

Restricted Stock Units:

Restricted stock units’ (“RSU”) activity for the nine months ended September 30, 2021, is set forth in the table below and reflects the 1-for-10 Reverse Stock Split that became effective on September 15, 2021:

	RSUs
Outstanding at January 1, 2021		269,138
Granted		47,597
Released		(55,683	)
Forfeited		(84,175	)
Outstanding at September 30, 2021		176,877

Exercisable September 30, 2021		—

As of September 30, 2021, unvested RSU’s totaled 176,887 shares. There were 47,597 RSU’s granted for the nine months ended September 30, 2021, and 269,200 RSU’s granted for the nine months ended September 30, 2020.