Alan S. Knitowski - May 18, 2021 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role: Chief Executive Officer, Director
Signature: /s/ Matt Aune, Attorney-in-Fact
Stock symbol: PHUN
Transactions as of: May 18, 2021
Transactions value $: -$12,904
Form type: 4
Date filed: 5/20/2021, 08:28 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	+37.5K	+3.15%	$0.00	1.23M	May 18, 2021	Direct
transaction	PHUN	Common Stock	Tax liability	-$12.9K	-10.2K	-0.83%	$1.27	1.22M	May 18, 2021	Direct	F1
holding	PHUN	Common Stock						586K	May 18, 2021	See footnote	F2

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	-37.5K	-14.29%	$0.00	225K	May 18, 2021	Common Stock	37.5K		Direct	F3, F4

* 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	Consists of (i) 539,867 shares held of record by Cane Capital, LLC, for which the Reporting Person serves as president, (ii) 43,750 shares held of record by Curo Capital Appreciation Fund I, LLC (Fund 1, Fund 2 and Fund 3), for which the Reporting Person serves as co-president, (iii) 1,972 shares held of record by Knitowski Childrens Trust, for which the Reporting Person serves as president.
F3	Each restricted stock unit represents a contingent right to receive one share of Phunware, Inc. common stock.
F4	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.