Alan S. Knitowski - Nov 18, 2022 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: Nov 18, 2022
Transactions value $: -$23,012
Form type: 4
Date filed: 11/22/2022, 04:21 PM
Previous filing: Nov 14, 2022
Next filing: Dec 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Options Exercise	$0	+37.5K	+3.04%	$0.00	1.27M	Nov 18, 2022	Direct
transaction	PHUN	Common Stock	Tax liability	-$23K	-21K	-1.65%	$1.09	1.25M	Nov 18, 2022	Direct	F1, F2
holding	PHUN	Common Stock						586K	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	-37.5K	-50%	$0.00	37.5K	Nov 18, 2022	Common Stock	37.5K		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 $1.0832 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	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.
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.