New insider Orbic North America Llc claimed ownership of 1,947,345 shares (SEC Form 3)
$SONM
Telecommunications Equipment
Utilities
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/11/2025 |
3. Issuer Name and Ticker or Trading Symbol
SONIM TECHNOLOGIES INC [ SONM ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 1,000 | D | |
| Common Stock | 1,946,345(1) | I | By AJP Holding Company, LLC |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. On March 11, 2025, AJP Holding Company, LLC ("AJP") and Orbic North America, LLC ("Orbic") entered into an Irrevocable Proxy Agreement (the "Proxy Agreement") to provide Orbic with sole voting power over all 1,946,345 shares of the Sonim Technologies, Inc. (the "Company") held by AJP to use in connection with a contemplated proxy solicitation for the election of a slate of nominees for election to the board of directors of the Company at its 2025 annual meeting of stockholders. The Proxy Agreement also provides that AJP may not dispose of any shares of common stock of the Company without the consent of Orbic during the term of the Proxy Agreement. |
| Remarks: |
| Exhibit 24.1 - Power of Attorney |
| /s/ Gina Wetzel, power of attorney | 03/21/2025 | |
| /s/ Ashima Narula | 03/21/2025 | |
| /s/ Parveen Narula | 03/21/2025 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||