Matt Aune - 19 Nov 2021 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role: Chief Financial Officer
Signature: /s/ J. Brendhan Botkin, Attorney-in-Fact
Issuer symbol: PHUN
Transactions as of: 19 Nov 2021
Net transactions value: -$25,237
Form type: 4
Filing time: 23 Nov 2021, 20:38:58 UTC
Previous filing: 20 Aug 2021
Next filing: 03 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Options Exercise	$0	+18,750	+4.1%	$0.000000	480,289	19 Nov 2021	Direct
transaction	PHUN	Common Stock	Tax liability	$25,237	-6,628	-1.4%	$3.81^*	473,661	19 Nov 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	-18,750	-20%	$0.000000	75,000	19 Nov 2021	Common Stock	18,750		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 shares of the Issuer's common stock that were delivered to the Reporting Person on the date notated in Table I, Box 2 above for previous RSUs granted to the Reporting Person.