Phunware Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
07 Julho 2023 - 8:00PM
Phunware, Inc. (NASDAQ: PHUN) (the “Company”), the pioneer of
Location Based SaaS that offers the only fully integrated
enterprise cloud platform for mobile that enables brands to engage,
manage and monetize anyone anywhere, today announced that it made
an inducement grant to Mr. Troy Reisner in connection with his
employment as Phunware’s new Chief Financial Officer, effective
June 2, 2023. Such grant was made under the Phunware, Inc. 2023
Inducement Plan, which was approved and adopted on June 30, 2023,
by Phunware’s Board of Directors. The Board granted Mr. Reisner an
aggregate of 600,000 restricted stock units under the Inducement
Plan. The grant was included in Mr. Reisner’s employment agreement
described in the Form 8-K filed by Phunware with the SEC on June 2,
2023.
The grant was approved by Phunware’s
Compensation Committee on June 30, 2023, pursuant to a delegation
by the Board and was issued as an equity grant pursuant to Nasdaq
Listing Rule 5635(c)(4), as an inducement material to Mr. Reisner
entering into employment with Phunware. The restricted stock units
granted are subject to a vesting schedule commencing on June 2,
2023, with one-third of the restricted stock units vesting on the
first anniversary of the commencement date, and the remaining
amount vesting in equal annual installments thereafter, subject to
Mr. Reisner’s continued employment.
About Phunware
Everything You Need to Succeed on Mobile —
Transforming Digital Human Experience
Phunware, Inc. (NASDAQ: PHUN), the pioneer of
Location Based SaaS that offers the only fully integrated
enterprise cloud platform for mobile that enables brands to engage,
manage and monetize anyone anywhere. Phunware’s Software
Development Kits (SDKs) include location-based services, mobile
engagement, content management, messaging, advertising, loyalty
(PhunCoin & PhunToken) and analytics, as well as a mobile
application framework of pre-integrated iOS and Android software
modules for building in-house or channel-based mobile application
and vertical solutions. Phunware helps the world’s most respected
brands create category-defining mobile experiences, with
approximately one billion active devices touching its platform each
month when operating at scale. For more information about how
Phunware is transforming the way consumers and brands interact with
mobile in the virtual and physical worlds, visit
https://phunware.com and follow @phunware on all social media
platforms.
Investor Contact:
Gateway Investor RelationsMatt Glover and John
Yi+1 (949) 574-3860investorrelations@phunware.com
Phunware (NASDAQ:PHUN)
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