Christopher D. Olive - 31 Aug 2023 Form 4 Insider Report for Phunware, Inc. (PHUN)

Role: Chief Legal Officer
Signature: /s/ J. Brendhan Botkin, Attorney-in-Fact
Issuer symbol: PHUN
Transactions as of: 31 Aug 2023
Net transactions value: $0
Form type: 4
Filing time: 01 Sep 2023, 16:08:00 UTC
Previous filing: 10 Aug 2023
Next filing: 04 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PHUN	Common Stock	Award	$0	+313,000	+66%	$0.000000	790,626	31 Aug 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On August 31, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on each of August 1, 2024, August 1, 2025 and August 3, 2026. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, in the event of a change of control, 100% of the remaining unvested RSUs shall immediately become fully vested, subject to the reporting person continuing to provide service through such date.

Content

On August 31, 2023, the reporting person was granted the number of restricted stock units ("RSUs") in Table I, Box 4 above, each of which represents a contingent right to receive one share of Phunware, Inc. common stock. One-third of the RSUs vest on each of August 1, 2024, August 1, 2025 and August 3, 2026. Vesting is subject to the reporting person's continued service on such vesting date. Notwithstanding the foregoing vesting schedule, in the event of a change of control, 100% of the remaining unvested RSUs shall immediately become fully vested, subject to the reporting person continuing to provide service through such date.