Form 4: Phunware CLO Tax Withholding Share Disposal

Phunware's Chief Legal Officer, Christopher D. Olive, will dispose of 202 shares of common stock on August 11, 2025, to cover tax withholding obligations.

Summary

• Christopher D. Olive, Phunware's Chief Legal Officer, will dispose of 202 shares of Phunware Common Stock.
• The transaction is scheduled for August 11, 2025.
• The shares are being surrendered at a price of $2.55 per share to satisfy tax withholding requirements.
• This disposition is pursuant to the terms of the Issuer's 2018 Equity Incentive Plan.
• Following this transaction, Christopher D. Olive will beneficially own 14,517 shares of Phunware Common Stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary event for tax withholding purposes, indicating a neutral sentiment. It does not reflect a voluntary sale or purchase for investment purposes.

Future Outlook

The filing indicates a planned future transaction on August 11, 2025, for tax withholding purposes related to equity compensation.

Industry Context

This is a routine insider transaction related to equity compensation and tax obligations, common across all industries for executives receiving stock-based awards. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact due to the small number of shares involved and the routine nature of the tax withholding transaction.
• Employees: No direct impact on general employees.
• Management: Reflects standard compensation practices for executives.

Next Steps

• The planned disposition of 202 shares of common stock by Christopher D. Olive is scheduled for August 11, 2025.

Key Dates

Keywords

Phunware, PHUN, SEC Form 4, Insider Transaction, Christopher D. Olive, Chief Legal Officer, Share Disposal, Tax Withholding, Equity Incentive Plan