Troy Lee Reisner - Jun 30, 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: Jun 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/7/2023, 06:04 PM
Previous filing: Jun 8, 2023
Next filing: Jan 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Restricted Stock Units	Award	$0	+600K		$0.00	600K	Jun 30, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On June 30, 2023, the compensation committee (the "Committee") of the Issuer's board of directors approved a grant to the reporting person in the number of restricted stock units ("RSUs") in Table 1, Box 4 above, pursuant to the Issuer's 2023 Inducement Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on June 3, 2024 and one-third will vest annually in equal installments beginning on June 2, 2025 with the final vesting date occurring on June 1, 2026. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, the Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested RSUs at any time, subject to the terms of the Plan.

Content

On June 30, 2023, the compensation committee (the "Committee") of the Issuer's board of directors approved a grant to the reporting person in the number of restricted stock units ("RSUs") in Table 1, Box 4 above, pursuant to the Issuer's 2023 Inducement Plan (the "Plan"). Each RSU represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on June 3, 2024 and one-third will vest annually in equal installments beginning on June 2, 2025 with the final vesting date occurring on June 1, 2026. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, the Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested RSUs at any time, subject to the terms of the Plan.