Phunware Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

Jan 06, 2023

AUSTIN, Texas, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Phunware, Inc. (NASDAQ: PHUN) today announced that it made an inducement grant to Mr. Russell Buyse in connection with his employment as Phunware’s new Chief Executive Officer, effective December 28, 2022. Such grant was made under the Phunware, Inc. 2022 Inducement Plan, which was approved and adopted on January 4, 2023 by Phunware’s Board of Directors. The Board granted Mr. Buyse an aggregate of 1,470,588 restricted stock units under the Inducement Plan. The grant was included in Mr. Buyse’s employment agreement described in the Form 8-K filed by Phunware with the SEC on November 14, 2022.

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