---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-121587"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:23:37.932047+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Phunware settles Wild Basin lawsuit; $2.8M insurance payment, claims against company continue

## Summary
- Settlement provides $2.8M insurance payment to plaintiffs and $0.2M to Phunware.
- Claims against Phunware (Count I) remain; trial scheduled for March 2025.
- Plaintiffs agree to stay collection of any judgment until Wilson Sonsini arbitration concludes.
- Phunware to deposit proceeds from that arbitration into escrow for plaintiffs and itself.
- Company has not recorded a liability; loss not currently probable or estimable.

## SEC filing metadata
- accession: 0000950170-24-121587
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000095017024121587/0000950170-24-121587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000095017024121587/phun-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-121587
- JSON: https://secwatch.observer/filing/0000950170-24-121587.json
- Plain text: https://secwatch.observer/filing/0000950170-24-121587.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.