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

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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.

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

CVI Investments, Inc., entità delle Isole Cayman, e il suo gestore degli investimenti, Heights Capital Management, Inc. (Delaware), hanno presentato congiuntamente un Schedule 13G che dichiara una partecipazione passiva nelle azioni ordinarie di Sonim Technologies.

  • Detenzione effettiva: 1.000.000 di azioni.
  • Percentuale di proprietà: 7,3% delle 13.733.657 azioni in circolazione (secondo il prospetto di Sonim del 1° luglio 2025).
  • Diritti di voto e disposizione: 0 azioni detenute con potere esclusivo; tutte le 1.000.000 di azioni sono soggette a potere di voto e disposizione condiviso tra le due persone segnalanti.
  • Data di attivazione del deposito: 1° luglio 2025; Schedule presentato ai sensi della Regola 13d-1(c) (investitore passivo, senza intenzione di controllo).
  • Rapporti organizzativi: Heights Capital Management agisce come gestore degli investimenti per CVI Investments e può esercitare autorità di voto/disposizione, ma entrambe le parti escludono espressamente la titolarità effettiva oltre il loro interesse pecuniario.

La comunicazione posiziona CVI/Heights come un azionista istituzionale significativo, ma non di controllo, in Sonim Technologies. Sebbene non siano indicati prezzo di acquisto o dichiarazioni di intenti, la quota del 7,3% segnala un interesse istituzionale crescente verso il capitale di SONM e potrebbe influenzare future dinamiche azionarie, questioni di delega o attività di raccolta capitale. Non sono incluse altre transazioni rilevanti o metriche finanziarie nel deposito.

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

CVI Investments, Inc., entidad de las Islas Caimán, y su gestor de inversiones, Heights Capital Management, Inc. (Delaware), han presentado conjuntamente un Schedule 13G que revela la propiedad pasiva de acciones ordinarias de Sonim Technologies.

  • Participación beneficiaria: 1.000.000 de acciones.
  • Porcentaje de propiedad: 7,3 % de las 13.733.657 acciones en circulación (según el prospecto de Sonim del 1 de julio de 2025).
  • Derechos de voto y disposición: 0 acciones con poder exclusivo; las 1.000.000 de acciones están sujetas a poder de voto y disposición compartido entre las dos personas informantes.
  • Fecha de activación de la presentación: 1 de julio de 2025; Schedule presentado bajo la Regla 13d-1(c) (inversor pasivo, sin intención de control).
  • Relaciones organizativas: Heights Capital Management actúa como gestor de inversiones de CVI Investments y puede ejercer autoridad de voto/disposición, pero ambas partes renuncian expresamente a la propiedad beneficiaria más allá de su interés económico.

La divulgación posiciona a CVI/Heights como un accionista institucional significativo, pero no controlador, en Sonim Technologies. Aunque no se proporciona precio de compra ni declaración de intenciones, la participación del 7,3 % indica un mayor interés institucional en el capital de SONM y podría influir en futuras dinámicas accionarias, asuntos de poder o actividades de recaudación de capital. No se incluyen otras transacciones materiales ni métricas financieras en la presentación.

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

케이맨 제도 법인인 CVI Investments, Inc.와 그 투자 관리자 Heights Capital Management, Inc.(델라웨어)는 Sonim Technologies의 보통주에 대한 수동적 실질 소유권을 공개하는 Schedule 13G를 공동 제출했습니다.

  • 실질 보유량: 1,000,000주.
  • 소유 비율: 2025년 7월 1일 Sonim 공시서에 따른 13,733,657주 중 7.3%.
  • 의결권 및 처분권: 단독 권한으로 보유한 주식은 0주이며, 1,000,000주 전부가 두 보고인 간 공동 의결 및 처분 권한에 해당.
  • 제출 기준일: 2025년 7월 1일; 규칙 13d-1(c)에 따라 제출됨 (수동 투자자, 지배권 추구하지 않음).
  • 조직 관계: Heights Capital Management는 CVI Investments의 투자 관리자 역할을 하며 의결권/처분권을 행사할 수 있으나, 양측 모두 경제적 이익을 넘어선 실질 소유권은 부인함.

이번 공시는 CVI/Heights가 Sonim Technologies의 중요한 기관 투자자임을 나타내지만, 지배권은 없음을 보여줍니다. 매입가나 의도 진술은 없으나 7.3% 지분은 SONM 주식에 대한 기관 투자자의 관심 증가를 의미하며 향후 주주 관계, 위임장 문제, 자본 조달 활동에 영향을 미칠 수 있습니다. 제출서에는 기타 중요한 거래나 재무 지표는 포함되어 있지 않습니다.

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

CVI Investments, Inc., entité des îles Caïmans, et son gestionnaire d’investissement, Heights Capital Management, Inc. (Delaware), ont conjointement déposé un Schedule 13G révélant une propriété bénéficiaire passive des actions ordinaires de Sonim Technologies.

  • Détention bénéficiaire : 1 000 000 d’actions.
  • Pourcentage de propriété : 7,3 % des 13 733 657 actions en circulation (selon le prospectus de Sonim du 1er juillet 2025).
  • Droits de vote et de disposition : 0 actions détenues avec pouvoir exclusif ; toutes les 1 000 000 d’actions sont soumises à un pouvoir de vote et de disposition partagé entre les deux personnes déclarantes.
  • Date de déclenchement du dépôt : 1er juillet 2025 ; Schedule déposé en vertu de la règle 13d-1(c) (investisseur passif, sans intention de contrôle).
  • Relations organisationnelles : Heights Capital Management agit en tant que gestionnaire d’investissement pour CVI Investments et peut exercer une autorité de vote/disposition, mais les deux parties déclinent expressément toute propriété bénéficiaire au-delà de leur intérêt pécuniaire.

Cette divulgation positionne CVI/Heights comme un actionnaire institutionnel significatif, mais non contrôlant, de Sonim Technologies. Bien qu’aucun prix d’achat ou déclaration d’intention ne soit fourni, la participation de 7,3 % signale une attention institutionnelle accrue envers le capital de SONM et pourrait influencer les futures dynamiques actionnariales, les questions de procuration ou les levées de fonds. Aucun autre transaction importante ou indicateur financier n’est inclus dans le dépôt.

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

CVI Investments, Inc., eine Gesellschaft auf den Kaimaninseln, und ihr Investmentmanager Heights Capital Management, Inc. (Delaware), haben gemeinsam ein Schedule 13G eingereicht, das den passiven wirtschaftlichen Eigentum an den Stammaktien von Sonim Technologies offenlegt.

  • Wirtschaftlicher Besitz: 1.000.000 Aktien.
  • Beteiligungsanteil: 7,3 % von 13.733.657 ausstehenden Aktien (laut Sonims Prospekt vom 1. Juli 2025).
  • Stimm- und Verfügungsrechte: 0 Aktien mit Alleinmacht; alle 1.000.000 Aktien unterliegen gemeinsamen Stimm- und Verfügungsrechten zwischen den beiden meldenden Personen.
  • Datum der Meldung: 1. Juli 2025; Schedule eingereicht gemäß Regel 13d-1(c) (passiver Investor, kein Kontrollinteresse).
  • Organisatorische Beziehungen: Heights Capital Management fungiert als Investmentmanager für CVI Investments und kann Stimm- und Verfügungsrechte ausüben, jedoch schließen beide Parteien ausdrücklich eine wirtschaftliche Eigentümerschaft über ihr finanzielles Interesse hinaus aus.

Die Offenlegung positioniert CVI/Heights als bedeutenden, aber nicht kontrollierenden institutionellen Aktionär von Sonim Technologies. Obwohl kein Kaufpreis oder Absichtserklärung angegeben ist, signalisiert die 7,3 % Beteiligung ein gesteigertes institutionelles Interesse an SONM-Aktien und könnte zukünftige Aktionärsstrukturen, Vollmachtsangelegenheiten oder Kapitalbeschaffungsaktivitäten beeinflussen. Weitere wesentliche Transaktionen oder Finanzkennzahlen sind in der Einreichung nicht enthalten.

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

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.

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.

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

CVI Investments, Inc., entità delle Isole Cayman, e il suo gestore degli investimenti, Heights Capital Management, Inc. (Delaware), hanno presentato congiuntamente un Schedule 13G che dichiara una partecipazione passiva nelle azioni ordinarie di Sonim Technologies.

  • Detenzione effettiva: 1.000.000 di azioni.
  • Percentuale di proprietà: 7,3% delle 13.733.657 azioni in circolazione (secondo il prospetto di Sonim del 1° luglio 2025).
  • Diritti di voto e disposizione: 0 azioni detenute con potere esclusivo; tutte le 1.000.000 di azioni sono soggette a potere di voto e disposizione condiviso tra le due persone segnalanti.
  • Data di attivazione del deposito: 1° luglio 2025; Schedule presentato ai sensi della Regola 13d-1(c) (investitore passivo, senza intenzione di controllo).
  • Rapporti organizzativi: Heights Capital Management agisce come gestore degli investimenti per CVI Investments e può esercitare autorità di voto/disposizione, ma entrambe le parti escludono espressamente la titolarità effettiva oltre il loro interesse pecuniario.

La comunicazione posiziona CVI/Heights come un azionista istituzionale significativo, ma non di controllo, in Sonim Technologies. Sebbene non siano indicati prezzo di acquisto o dichiarazioni di intenti, la quota del 7,3% segnala un interesse istituzionale crescente verso il capitale di SONM e potrebbe influenzare future dinamiche azionarie, questioni di delega o attività di raccolta capitale. Non sono incluse altre transazioni rilevanti o metriche finanziarie nel deposito.

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

CVI Investments, Inc., entidad de las Islas Caimán, y su gestor de inversiones, Heights Capital Management, Inc. (Delaware), han presentado conjuntamente un Schedule 13G que revela la propiedad pasiva de acciones ordinarias de Sonim Technologies.

  • Participación beneficiaria: 1.000.000 de acciones.
  • Porcentaje de propiedad: 7,3 % de las 13.733.657 acciones en circulación (según el prospecto de Sonim del 1 de julio de 2025).
  • Derechos de voto y disposición: 0 acciones con poder exclusivo; las 1.000.000 de acciones están sujetas a poder de voto y disposición compartido entre las dos personas informantes.
  • Fecha de activación de la presentación: 1 de julio de 2025; Schedule presentado bajo la Regla 13d-1(c) (inversor pasivo, sin intención de control).
  • Relaciones organizativas: Heights Capital Management actúa como gestor de inversiones de CVI Investments y puede ejercer autoridad de voto/disposición, pero ambas partes renuncian expresamente a la propiedad beneficiaria más allá de su interés económico.

La divulgación posiciona a CVI/Heights como un accionista institucional significativo, pero no controlador, en Sonim Technologies. Aunque no se proporciona precio de compra ni declaración de intenciones, la participación del 7,3 % indica un mayor interés institucional en el capital de SONM y podría influir en futuras dinámicas accionarias, asuntos de poder o actividades de recaudación de capital. No se incluyen otras transacciones materiales ni métricas financieras en la presentación.

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

케이맨 제도 법인인 CVI Investments, Inc.와 그 투자 관리자 Heights Capital Management, Inc.(델라웨어)는 Sonim Technologies의 보통주에 대한 수동적 실질 소유권을 공개하는 Schedule 13G를 공동 제출했습니다.

  • 실질 보유량: 1,000,000주.
  • 소유 비율: 2025년 7월 1일 Sonim 공시서에 따른 13,733,657주 중 7.3%.
  • 의결권 및 처분권: 단독 권한으로 보유한 주식은 0주이며, 1,000,000주 전부가 두 보고인 간 공동 의결 및 처분 권한에 해당.
  • 제출 기준일: 2025년 7월 1일; 규칙 13d-1(c)에 따라 제출됨 (수동 투자자, 지배권 추구하지 않음).
  • 조직 관계: Heights Capital Management는 CVI Investments의 투자 관리자 역할을 하며 의결권/처분권을 행사할 수 있으나, 양측 모두 경제적 이익을 넘어선 실질 소유권은 부인함.

이번 공시는 CVI/Heights가 Sonim Technologies의 중요한 기관 투자자임을 나타내지만, 지배권은 없음을 보여줍니다. 매입가나 의도 진술은 없으나 7.3% 지분은 SONM 주식에 대한 기관 투자자의 관심 증가를 의미하며 향후 주주 관계, 위임장 문제, 자본 조달 활동에 영향을 미칠 수 있습니다. 제출서에는 기타 중요한 거래나 재무 지표는 포함되어 있지 않습니다.

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

CVI Investments, Inc., entité des îles Caïmans, et son gestionnaire d’investissement, Heights Capital Management, Inc. (Delaware), ont conjointement déposé un Schedule 13G révélant une propriété bénéficiaire passive des actions ordinaires de Sonim Technologies.

  • Détention bénéficiaire : 1 000 000 d’actions.
  • Pourcentage de propriété : 7,3 % des 13 733 657 actions en circulation (selon le prospectus de Sonim du 1er juillet 2025).
  • Droits de vote et de disposition : 0 actions détenues avec pouvoir exclusif ; toutes les 1 000 000 d’actions sont soumises à un pouvoir de vote et de disposition partagé entre les deux personnes déclarantes.
  • Date de déclenchement du dépôt : 1er juillet 2025 ; Schedule déposé en vertu de la règle 13d-1(c) (investisseur passif, sans intention de contrôle).
  • Relations organisationnelles : Heights Capital Management agit en tant que gestionnaire d’investissement pour CVI Investments et peut exercer une autorité de vote/disposition, mais les deux parties déclinent expressément toute propriété bénéficiaire au-delà de leur intérêt pécuniaire.

Cette divulgation positionne CVI/Heights comme un actionnaire institutionnel significatif, mais non contrôlant, de Sonim Technologies. Bien qu’aucun prix d’achat ou déclaration d’intention ne soit fourni, la participation de 7,3 % signale une attention institutionnelle accrue envers le capital de SONM et pourrait influencer les futures dynamiques actionnariales, les questions de procuration ou les levées de fonds. Aucun autre transaction importante ou indicateur financier n’est inclus dans le dépôt.

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

CVI Investments, Inc., eine Gesellschaft auf den Kaimaninseln, und ihr Investmentmanager Heights Capital Management, Inc. (Delaware), haben gemeinsam ein Schedule 13G eingereicht, das den passiven wirtschaftlichen Eigentum an den Stammaktien von Sonim Technologies offenlegt.

  • Wirtschaftlicher Besitz: 1.000.000 Aktien.
  • Beteiligungsanteil: 7,3 % von 13.733.657 ausstehenden Aktien (laut Sonims Prospekt vom 1. Juli 2025).
  • Stimm- und Verfügungsrechte: 0 Aktien mit Alleinmacht; alle 1.000.000 Aktien unterliegen gemeinsamen Stimm- und Verfügungsrechten zwischen den beiden meldenden Personen.
  • Datum der Meldung: 1. Juli 2025; Schedule eingereicht gemäß Regel 13d-1(c) (passiver Investor, kein Kontrollinteresse).
  • Organisatorische Beziehungen: Heights Capital Management fungiert als Investmentmanager für CVI Investments und kann Stimm- und Verfügungsrechte ausüben, jedoch schließen beide Parteien ausdrücklich eine wirtschaftliche Eigentümerschaft über ihr finanzielles Interesse hinaus aus.

Die Offenlegung positioniert CVI/Heights als bedeutenden, aber nicht kontrollierenden institutionellen Aktionär von Sonim Technologies. Obwohl kein Kaufpreis oder Absichtserklärung angegeben ist, signalisiert die 7,3 % Beteiligung ein gesteigertes institutionelles Interesse an SONM-Aktien und könnte zukünftige Aktionärsstrukturen, Vollmachtsangelegenheiten oder Kapitalbeschaffungsaktivitäten beeinflussen. Weitere wesentliche Transaktionen oder Finanzkennzahlen sind in der Einreichung nicht enthalten.

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.
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