Matt Aune - Mar 6, 2023 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: Mar 6, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/8/2023, 06:58 PM
Previous filing: Feb 23, 2023
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Award	$0	+27.1K	+6.24%	$0.00	462K	Mar 6, 2023	Direct	F1
transaction	PHUN	Common Stock	Award	$0	+100K	+21.65%	$0.00	562K	Mar 6, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On March 6, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. The RSUs were granted in lieu of cash compensation for accrued bonus for fiscal year 2022. The RSUs vest immediately and will be delivered to the reporting person shortly following this date.
F2	On March 6, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on March 6, 2023 and 1/9 of the RSUs will equal installments on May 18, 2023, August 18, 2023, November 18, 2023, May 18, 2024, August 18, 2024 and November 18, 2024. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, in the event of a change of control, 100% of the remaining unvested RSUs shall immediately become fully vested, subject to the reporting person continuing to provide service through such date.

Content

On March 6, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. The RSUs were granted in lieu of cash compensation for accrued bonus for fiscal year 2022. The RSUs vest immediately and will be delivered to the reporting person shortly following this date.

On March 6, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on March 6, 2023 and 1/9 of the RSUs will equal installments on May 18, 2023, August 18, 2023, November 18, 2023, May 18, 2024, August 18, 2024 and November 18, 2024. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, in the event of a change of control, 100% of the remaining unvested RSUs shall immediately become fully vested, subject to the reporting person continuing to provide service through such date.