Phunware, Inc. — Director's Dealing 2022

May 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Phunware, Inc. (PHUN)
CIK: 0001665300
Period of Report: 2022-05-18

Reporting Person: Dang Luan (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-18	Common Stock	M	14583	—	Acquired	1627546	Direct
2022-05-19	Common Stock	F	5275	$1.4002	Disposed	1622271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-18	Restricted Stock Units	$	M	14583	Disposed		Common Stock (14583.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	43750	Indirect

Footnotes

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 $1.4001 to $1.4024. 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 on the date notated in Table I, Box 2 above for previous RSUs granted to the Reporting Person. The restricted stock units will be settled in shares of common stock that will be delivered to the Reporting Person shortly after the vesting date.