Form 4: Phunware CEO Michael Snavely Reports Stock Transactions
SEC Form 4 Filing
Phunware CEO Michael Snavely reports the acquisition and disposal of common stock on June 13, 2024, according to a Form 4 filing.
Summary
- On June 13, 2024, Michael Snavely, the CEO of Phunware, Inc., reported transactions involving the company's common stock.
- Snavely disposed of 6,000 shares at a price of $5.8308 per share.
- He also acquired 3,814 shares at $5.88 per share.
- Following these transactions, Snavely beneficially owns 25,143 shares of Phunware common stock directly.
- The sale of shares was executed under a pre-arranged 10b5-1 trading plan adopted on March 14, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company insider, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, providing transparency to investors.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a key company executive.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Reporting Person adopted a 10b5-1 trading plan |
| 06/13/2024 | Date of stock disposal and acquisition |
| 06/18/2024 | Date of Form 4 filing |
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