Form 4: Phunware CLO Sells Shares for Tax Withholding
Insider Transaction Report
Phunware's Chief Legal Officer, Christopher D. Olive, disposed of 209 shares of common stock for tax withholding purposes on November 24, 2025, at a price of $1.92 per share.
Summary
- Christopher D. Olive, Phunware, Inc.'s Chief Legal Officer, reported a transaction involving the company's common stock.
- On November 24, 2025, Mr. Olive disposed of 209 shares of Phunware common stock.
- The shares were surrendered for the withholding of taxes, as per the terms of the Issuer's 2018 Equity Incentive Plan.
- The transaction occurred at a price of $1.92 per share.
- Following this transaction, Mr. Olive beneficially owns 13,804 shares of Phunware common stock directly.
- The transaction was made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment towards the company's performance or prospects.
Future Outlook
This filing is a routine report of an insider transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This is a standard insider transaction filing (Form 4) and does not provide information that directly relates to broader industry trends or competitive landscape. It reflects a routine compensation-related event for an executive.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reference to existing plan | The transaction was conducted pursuant to the Issuer's 2018 Equity Incentive Plan, indicating the ongoing operation of established compensation policies. | N/A | No change to corporate governance; merely an execution under an existing, approved plan. |
Stakeholder Impact
- Shareholders: Minimal impact as this is a small, routine transaction for tax purposes by an executive, not indicative of a change in confidence or significant selling pressure.
Key Dates
| Date | Description |
|---|---|
| 11/24/2025 | Date of transaction where shares were disposed of for tax withholding. |
| 11/26/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
Phunware, PHUN, Insider Trading, Form 4, Stock Sale, Tax Withholding, Equity Incentive Plan, Christopher D. Olive, Chief Legal Officer
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