Du Quyen 4

What Happened Du Quyen, a director of Phunware, Inc. (PHUN), received an award of 84,651 restricted stock units (RSUs) on April 3, 2026. The RSUs were granted at $0.00 per unit (an award/compensation grant) and each RSU represents a contingent right to one share of common stock. Per the filing, the RSUs vest immediately; no cash was exchanged in this transaction.

Key Details

• Transaction date: 2026-04-03 (reported on Form 4 filed 2026-04-07).
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 84,651 RSUs at $0.00 (award value reported as $0).
• Vesting: RSUs vest immediately (per footnote).
• Shares owned after transaction: Not specified in the provided Form 4 details.
• Footnote: RSUs were granted under the Issuer’s Outside Director Compensation Policy for services rendered in 2025.
• Timeliness: Form 4 was filed within the normal two-business-day window after the April 3 transaction.

Context RSUs are a form of equity compensation that create a contingent right to receive company shares (typically subject to vesting rules). Because these RSUs vested immediately, they are effectively a compensation award now convertible into common stock; the grant itself is routine director pay and not a market purchase or sale. Awards do not necessarily indicate the director’s personal trading preference—retail investors often view purchases as more direct signals than routine compensation grants.