[Form 4] Fidelity D & D Bancorp, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Schedule 13G filing – Sonim Technologies, Inc. (NASDAQ: SONM)

CVI Investments, Inc., a Cayman Islands entity, and its investment manager, Heights Capital Management, Inc. (Delaware), have jointly filed a Schedule 13G disclosing passive beneficial ownership of Sonim Technologies’ common stock.

• Beneficial holding: 1,000,000 shares.
• Ownership percentage: 7.3 % of the 13,733,657 shares outstanding (per Sonim’s July 1 2025 prospectus).
• Voting & disposition rights: 0 shares held with sole power; all 1,000,000 shares are subject to shared voting and dispositive power between the two reporting persons.
• Filing trigger date: July 1 2025; Schedule filed under Rule 13d-1(c) (passive investor, not seeking control).
• Organisational relationships: Heights Capital Management acts as investment manager to CVI Investments and may exercise voting/dispositive authority, but both parties expressly disclaim beneficial ownership beyond their pecuniary interest.

The disclosure positions CVI/Heights as a significant, but non-controlling, institutional shareholder in Sonim Technologies. While no purchase price or intent statement is provided, the 7.3 % stake signals heightened institutional attention to SONM’s equity and may influence future shareholder dynamics, proxy matters, or capital-raising activities. No other material transactions or financial metrics are included in the filing.

Positive

• Institutional stake: CVI Investments and Heights Capital Management disclose ownership of 7.3 % (1,000,000 shares), signalling outside confidence in SONM.

Negative

• Passive filing: Schedule 13G indicates no commitment to strategic involvement, limiting potential operational benefits to the issuer.

Insights

Securities Analyst

TL;DR: New 7.3 % passive stake by CVI/Heights adds institutional support; modestly positive signal, limited immediate operational impact.

CVI Investments and Heights Capital Management now collectively own 1 million SONM shares, amounting to 7.3 % of the float. Although filed on Schedule 13G (indicating no activist intentions), such a threshold ownership can improve secondary-market liquidity and may slightly bolster valuation by demonstrating outside confidence. The absence of sole voting power underscores a passive posture, but shared voting/disposition rights mean the pair could still influence key shareholder resolutions if aligned with other holders. From a portfolio standpoint, the position size is large relative to Sonim’s small float, potentially concentrating ownership and affecting future capital raises or buybacks. Overall impact is positive but not transformational.

Corporate Governance Expert

TL;DR: Stake is sizeable but passive; governance influence remains limited unless future filings upgrade to 13D.

This disclosure does not signal an attempt to obtain control; Rule 13d-1(c) filers certify no intent to influence management. Nonetheless, a single group controlling over 7 % can sway proposals requiring simple majority, especially in firms with dispersed retail ownership like Sonim. Management should track any future accumulation or switch to Schedule 13D, which would indicate activism. For now, no board or by-law implications arise, and the filing is primarily a compliance event.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CALI BRIAN J

(Last) (First) (Middle)

1241 DECEMBER DRIVE

(Street)

DUNMORE PA 18521

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIDELITY D & D BANCORP INC [ FDBC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	07/03/2025		P		291.9	A	$42.5687	412,575.6181	D
Common Stock								1,802.0027	I	Children

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

Explanation of Responses:

	/s/ John Pash	07/03/2025
	** 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 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).
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.

FAQ

How many Sonim Technologies (SONM) shares does CVI Investments own?

The filing lists 1,000,000 common shares beneficially owned, all with shared voting and dispositive power.

What percentage of Sonim Technologies’ outstanding shares is represented by the 1,000,000-share position?

It equals 7.3 % of the 13,733,657 shares outstanding as of July 1 2025.

Is CVI Investments seeking control of Sonim Technologies?

No. The position is reported on Schedule 13G under Rule 13d-1(c), indicating a passive investment with no control intent.

Who manages CVI Investments’ position in Sonim?

Heights Capital Management, Inc. acts as investment manager and shares voting/disposal authority over the shares.

When did the ownership threshold triggering this filing occur?

The date of event requiring the filing is July 1 2025.