SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
B. Riley Financial, Inc.

(Last) (First) (Middle)
21255 BURBANK BLVD.
SUITE 400

(Street)
WOODLAND HILLS CA 91367

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SONIM TECHNOLOGIES INC [ SONM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/30/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/30/2019 P 200 A $2.71 200 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 P 100 A $2.695 300 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 P 200 A $2.7 500 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 P 25,000 A $2.7 25,500 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 11,265 D $2.65 14,235 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 200 D $2.67 14,035 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 500 D $2.66 13,535 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 200 D $2.6701 13,335 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 1,500 D $2.705 11,835 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 600 D $2.705 11,235 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 500 D $2.7025 10,735 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 330 D $2.71 10,405 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 400 D $2.805 10,005 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 1,000 D $2.8001 9,005 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 8,105 D $2.84 900 I By B. Riley FBR, Inc.(1)(2)(3)
Common Stock 10/30/2019 S 900 D $2.835 0 I By B. Riley FBR, Inc.(1)(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Promissory Note (right to buy) $8.87 10/23/2019 J V 366,425.54 04/09/2018 10/23/2019 Common Stock 366,425.54 $0 732,852.46 I By B. Riley Principal Investments, LLC(1)(2)(3)
1. Name and Address of Reporting Person*
B. Riley Financial, Inc.

(Last) (First) (Middle)
21255 BURBANK BLVD.
SUITE 400

(Street)
WOODLAND HILLS CA 91367

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BRC Partners Opportunity Fund, LP

(Last) (First) (Middle)
11100 SANTA MONICA BLVD. SUITE 800

(Street)
LOS ANGELES CA 90025

(City) (State) (Zip)
1. Name and Address of Reporting Person*
BRC Partners Management GP, LLC

(Last) (First) (Middle)
11100 SANTA MONICA BLVD SUITE 800

(Street)
LOS ANGELES CA 90025

(City) (State) (Zip)
1. Name and Address of Reporting Person*
B. RILEY CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)
11100 SANTA MONICA BLVD.
SUITE 800

(Street)
LOS ANGELES CA 90025

(City) (State) (Zip)
1. Name and Address of Reporting Person*
B. RILEY PRINCIPAL INVESTMENTS, LLC

(Last) (First) (Middle)
21255 BURBANK BLVD, SUITE 400

(Street)
WOODLAND HILLS CA 91367

(City) (State) (Zip)
1. Name and Address of Reporting Person*
B. Riley FBR, Inc.

(Last) (First) (Middle)
11100 SANTA MONICA BLVD
SUITE 800

(Street)
LOS ANGELES CA 90025

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Young Kenneth M

(Last) (First) (Middle)
21255 BURBANK BOULEVARD, SUITE 400

(Street)
WOODLAND HILLS CA 91367

(City) (State) (Zip)
1. Name and Address of Reporting Person*
RILEY BRYANT R

(Last) (First) (Middle)
21255 BURBANK BOULEVARD, SUITE 400

(Street)
WOODLAND HILLS CA 91367

(City) (State) (Zip)
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
Remarks:
Certain of these transactions are matchable transactions under Section 16(b) of the Exchange Act. The reporting persons have disgorged the full amount of recoverable profits to the Issuer.
B. Riley Financial, Inc., by: /s/ Bryant R. Riley, Co-Chief Executive Officer 11/01/2019
BRC Partners Opportunity Fund, L.P., by: /s/ Bryant R. Riley, Chief Investment Officer 11/01/2019
BRC Partners Management GP, LLC, by: B. Riley Capital Management, LLC, its sole member, by: /s/ Bryant R. Riley, Chief Executive Officer 11/01/2019
B. Riley Capital Management, LLC, by: /s/ Bryant R. Riley, Chief Executive Officer 11/01/2019
B. Riley Principal Investments, LLC, by: /s/ Kenneth Young, Chief Executive Officer 11/01/2019
B. Riley FBR, Inc., by: /s/ Andy Moore, Chief Executive Officer 11/01/2019
/s/ Kenneth M. Young 11/01/2019
/s/ Bryant R. Riley 11/01/2019
** 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 4 (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).
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