Phunware, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Compensation costs that have been included in our condensed consolidated statements of operations and comprehensive loss for all stock-based compensation arrangements is set forth below:


	Three Months Ended June 30,				Six Months Ended June 30,
Stock-based compensation	2023		2022		2023		2022
Cost of revenues	$	111	$	49	$	364	$	95
Sales and marketing	35		27		132		45
General and administrative	1,260		595		2,119		1,067
Research and development	56		35		209		63
Total stock-based compensation	$	1,462	$	706	$	2,824	$	1,270

Summary of Restricted Stock Unit Activity

A summary of our restricted stock unit activity under the 2018 Plan for the six months ended June 30, 2023 is set forth below:


	Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022	2,957,995	$	1.75
Granted	2,616,704	0.88
Released	(2,508,922)	1.20
Forfeited	(292,484)	1.51
Outstanding as of June 30, 2023	2,773,293	$	1.25

Summary of Stock Option Activity

A summary of our stock option activity under the 2018 Plan and related information is as follows:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding as of December 31, 2022	87,500	$	1.43	5.6	$	—
Granted	75,000	0.76
Exercised	—	—
Forfeited	(37,500)	1.08
Outstanding as of June 30, 2023	125,000	$	1.14	5.4	$	—
Exercisable as of June 30, 2023	106,250	$	1.20	5.4	$	—

A summary of our option activity under the 2009 Plan and related information is as follows:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding as of December 31, 2022	874,279	$	0.80	4.2	$	130
Granted	—	—
Exercised	(94,748)	0.61
Forfeited	—	—
Outstanding as of June 30, 2023	779,531	$	0.83	4.1	$	1
Exercisable as of June 30, 2023	779,339	$	0.83	4.1	$	1