---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-000659"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2023-01-06T23:59:59+00:00"
generated_at: "2026-06-20T18:51:43.997981+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Phunware grants new CEO 1.47M RSUs, separates from CTO, authorizes $5M bitcoin-funded buyback

## Summary
- CTO Luan Dang's employment expired Dec 26, 2022; separation agreement provides $29,890 cash and termination of unvested equity.
- New CEO Russell Buyse granted 1,470,588 RSUs under 2022 Inducement Plan, vesting over 3 years from Dec 28, 2022.
- Board authorized $5M stock repurchase program over 12 months, funded by liquidation of bitcoin holdings.
- Inducement plan reserves 1,470,588 shares for future new-hire equity grants under Nasdaq Rule 5635(c)(4).

## SEC filing metadata
- accession: 0001628280-23-000659
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2023-01-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828023000659/0001628280-23-000659-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828023000659/phun-20230102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-000659
- JSON: https://secwatch.observer/filing/0001628280-23-000659.json
- Plain text: https://secwatch.observer/filing/0001628280-23-000659.txt

## Key facts
- Executive change
  Luan Dang departed as Chief Technology Officer at Phunware, Inc..
  - Action: expired and separated
  - Role: Chief Technology Officer
  source text: Mr. Dang's employment agreement expired on December 26, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023000659/0001628280-23-000659-index.htm
- Executive change
  Russell Buyse was appointed as Chief Executive Officer at Phunware, Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company entered into a Confidential Executive Employment Agreement with Russell Buyse to serve as Chief Executive Officer of the Company effective December 28, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023000659/0001628280-23-000659-index.htm

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