Matt Aune - May 18, 2021 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role: Chief Financial Officer
Signature: /s/ J. Brendhan Botkin, Attorney-in-Fact
Stock symbol: PHUN
Transactions as of: May 18, 2021
Transactions value $: -$9,167
Form type: 4
Date filed: 5/20/2021, 08:26 PM
Next filing: Aug 20, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Options Exercise	$0	+18.8K	+4.28%	$0.00	457K	May 18, 2021	Direct
transaction	PHUN	Common Stock	Tax liability	-$9.17K	-7.23K	-1.58%	$1.27	450K	May 18, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PHUN	Restricted Stock Units	Options Exercise	$0	-18.8K	-14.29%	$0.00	113K	May 18, 2021	Common Stock	18.8K		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares surrendered by the Reporting Person for withholding of taxes pursuant to the terms of the Issuer's 2018 Equity Incentive Plan.
F2	Each restricted stock unit represents a contingent right to receive one share of Phunware, Inc. common stock.
F3	The restricted stock units (RSUs) represent the amount of RSUs that vested on on the date notated in Table I, Box 2 above for previous RSUs granted to the Reporting Person. The restricted stock units will be settled in shares of common stock that will be delivered to the Reporting Person shortly after the vesting date.