Phunware (PHUN) CLO Christopher Olive Surrenders 519 Shares for Taxes

What Happened Christopher D. Olive, Chief Legal Officer of Phunware, surrendered 519 shares on August 4, 2026 to satisfy tax withholding obligations tied to equity awards. The filing reports the shares disposed at a weighted average price of about $2.12, for a total reported value of approximately $1,100. This transaction is recorded under transaction code F (tax withholding) and is a routine disposition to cover taxes rather than an open-market purchase or a discretionary sale.

Key Details

• Transaction date: 2026-08-04
• Transaction type/code: F — shares surrendered/withheld for taxes
• Shares surrendered: 519
• Price: weighted average ~$2.12 (sales in multiple transactions ranged $2.11–$2.12 per footnote)
• Reported total value: ~$1,100
• Footnotes: F1 — shares surrendered for withholding under the Issuer's 2018 Equity Incentive Plan; F2 — weighted average price; multiple sale prices available on request
• Shares owned after transaction: not specified in the provided Form 4 excerpt
• Filing timeliness: Reported and filed on 2026-08-04 (appears timely)

Context: This appears to be a tax-withholding/surrender in connection with an equity award (common after option exercises or vesting). Such transactions are administrative and do not necessarily indicate the insider's view of the company's stock.