SONIM TECHNOLOGIES INC — Director's Dealing 2019

Nov 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SONIM TECHNOLOGIES INC (SONM)
CIK: 0001178697
Period of Report: 2019-10-30

Reporting Person: B. Riley Financial, Inc. (Director, 10% Owner)
Reporting Person: BRC Partners Opportunity Fund, LP (10% Owner)
Reporting Person: BRC Partners Management GP, LLC (10% Owner)
Reporting Person: B. RILEY CAPITAL MANAGEMENT, LLC (10% Owner)
Reporting Person: B. RILEY PRINCIPAL INVESTMENTS, LLC (10% Owner)
Reporting Person: B. Riley FBR, Inc. (10% Owner)
Reporting Person: Young Kenneth M (Director)
Reporting Person: RILEY BRYANT R (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-30	Common Stock	P	200	$2.71	Acquired	200	Indirect
2019-10-30	Common Stock	P	100	$2.695	Acquired	300	Indirect
2019-10-30	Common Stock	P	200	$2.70	Acquired	500	Indirect
2019-10-30	Common Stock	P	25000	$2.70	Acquired	25500	Indirect
2019-10-30	Common Stock	S	11265	$2.65	Disposed	14235	Indirect
2019-10-30	Common Stock	S	200	$2.67	Disposed	14035	Indirect
2019-10-30	Common Stock	S	500	$2.66	Disposed	13535	Indirect
2019-10-30	Common Stock	S	200	$2.6701	Disposed	13335	Indirect
2019-10-30	Common Stock	S	1500	$2.705	Disposed	11835	Indirect
2019-10-30	Common Stock	S	600	$2.705	Disposed	11235	Indirect
2019-10-30	Common Stock	S	500	$2.7025	Disposed	10735	Indirect
2019-10-30	Common Stock	S	330	$2.71	Disposed	10405	Indirect
2019-10-30	Common Stock	S	400	$2.805	Disposed	10005	Indirect
2019-10-30	Common Stock	S	1000	$2.8001	Disposed	9005	Indirect
2019-10-30	Common Stock	S	8105	$2.84	Disposed	900	Indirect
2019-10-30	Common Stock	S	900	$2.835	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-10-23	Convertible Promissory Note (right to buy)	$8.87	J	366425.54	Disposed	2019-10-23	Common Stock (366425.54)	Indirect

Footnotes

F1: In addition to B. Riley Financial, Inc., a Delaware corporation ("BRF"), this Form 4 is being filed jointly by BRC Partners Opportunity Fund, L.P., a Delaware limited partnership ("BRPLP"), B. Riley Capital Management, LLC, a New York limited liability company ("BRCM"), BRC Partners Management GP, LLC, a Delaware limited liability company ("BRPGP"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), B. Riley FBR, Inc., a Delaware corporation ("BRFBR"), Kenneth M. Young and Bryant R. Riley.

F2: BRPGP is a subsidiary of BRCM, a registered investment advisor, and is the general partner of BRPLP. BRF is the parent company of BRCM. As a result, BRPGP, BRCM and BRF may be deemed to indirectly beneficially own the Shares held by BRPLP. BRF is the parent company of BRFBR. As a result, BRF may be deemed to indirectly beneficially own the Shares held by BRFBR. BRF is the parent company of BRPI. As a result, BRF may be deemed to indirectly beneficially own the Shares held by BRPI.

F3: Bryant Riley, as Chief Executive Officer of BRCM and Chairman and Co-Chief Executive Officer of BRF, has voting and dispositive power over the shares held by BRPLP, BRPI and BRF. Mr. Young is the President of BRF and the Chief Executive Officer of BRPI. He has voting and dispositive power over the shares held by BRPI. Mr. Young does not have either voting or investment control over the securities held by the BRF. Each reporting person disclaims beneficial ownership of the securities of the Issuer reported herein held indirectly except to the extent of such person's pecuniary interest therein.

F4: Expiration of a long position for no consideration. Pursuant to the terms of the Convertible Promissory Note, the amount of the Convertible Promissory Note convertible into shares of Common Stock was reduced to 50% of the principal outstanding as of October 23, 2019.