Phunware, Inc. — Director's Dealing 2023

Jan 6, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Phunware, Inc. (PHUN)
CIK: 0001665300
Period of Report: 2023-01-04

Reporting Person: Buyse Russell C (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-04	Common Stock	A	1470588	—	Acquired	1470588	Direct

Footnotes

F1: On January 4, 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 2022 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 December 28, 2023 and 1/12 of the RSUs will vest quarterly in equal installments beginning on March 31, 2024 with the final vesting date occurring on December 28, 2025. 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.