$PHUN News

Phunware grants up to 529,100-share inducement package to new CEO with $5 strike and $4.5M revenue/VWAP hurdles

Phunware granted new CEO Dmitry Kroshka a time‑vested RSU award (105,820 RSUs), performance RSUs (317,460 RSUs) and a stock option for 105,820 shares as an inducement under Nasdaq Rule 5635(c)(4), effective May 13, 2026, with board/comp committee approvals in June 2026. The performance RSUs vest only if the stock hits a $5.00 VWAP for 20 days and the company achieves $4.5M revenue (trailing 12 months, excluding professional services), so dilution is conditional and tied to sustained share price and revenue targets.