Matt Aune - 18 Nov 2022 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role: Chief Financial Officer
Signature: /s/ J. Brendhan Botkin, Attorney-in-Fact
Issuer symbol: PHUN
Transactions as of: 18 Nov 2022
Transactions value $: -$13,761
Form type: 4
Filing time: 22 Nov 2022, 16:20:43 UTC
Previous filing: 14 Nov 2022
Next filing: 02 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Options Exercise	$0	+18.8K	+4.46%	$0.00	439K	18 Nov 2022	Direct
transaction	PHUN	Common Stock	Tax liability	-$13.8K	-12.6K	-2.87%	$1.09^*	426K	21 Nov 2022	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	-50%	$0.00	18.8K	18 Nov 2022	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 $1.08 to $1.0948. 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.