Matt Aune - May 18, 2023 Form 4 Insider Report for Phunware, Inc. (PHUN)

Signature
/s/ J. Brendhan Botkin, Attorney-in-Fact
Stock symbol
PHUN
Transactions as of
May 18, 2023
Transactions value $
-$9,699
Form type
4
Date filed
5/22/2023, 08:37 PM
Previous filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PHUN Common Stock Options Exercise $0 +18.8K +3.64% $0.00 534K May 18, 2023 Direct
transaction PHUN Common Stock Tax liability -$9.7K -15.4K -2.89% $0.63 518K May 19, 2023 Direct F1, 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 -18.8K -100% $0.00* 0 May 18, 2023 Common Stock 18.8K 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 The shares were sold in multiple transactions with prices ranging from $0.6154 to $0.6289. 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 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 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.