Luan Dang - Nov 18, 2022 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role
Chief Technology Officer
Signature
/s/ Matt Aune, Attorney-in-Fact
Stock symbol
PHUN
Transactions as of
Nov 18, 2022
Transactions value $
-$5,925
Form type
4
Date filed
11/22/2022, 04:21 PM
Previous filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHUN Common Stock Options Exercise $0 +14.6K +0.92% $0.00 1.61M Nov 18, 2022 Direct
transaction PHUN Common Stock Tax liability -$5.92K -5.41K -0.34% $1.09 1.6M Nov 18, 2022 Direct F1, F2
holding PHUN Common Stock 43.8K Nov 18, 2022 See footnote F3

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 -14.6K -50% $0.00 14.6K Nov 18, 2022 Common Stock 14.6K Direct F4, F5
* 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 The shares were sold in multiple transactions with prices ranging from $1.0806 to $1.0948. The reporting person undertakes to provide to Phunware, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares disposed at each separate price within the ranges set forth in this Form 4.
F3 The shares are 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.
F4 Each restricted stock unit represents a contingent right to receive one share of Phunware, Inc. common stock.
F5 The restricted stock units (RSUs) represent the amount of RSUs that vested on the date notated in Table I, Box 2 above for a RSU grant previously awarded to the Reporting Person. The RSUs will be settled in shares of common stock that will be delivered to the Reporting Person shortly after the vesting date.