Phunware, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

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


	Three months ended March 31,
(in thousands)	2026		2025
Cost of revenue		17		15
Sales and marketing		9		8
General and administrative		78		67
Research and development		8		(4	)
Total stock-based compensation	$	112	$	86

Schedule of Restricted Stock Unit Activity

A summary of our restricted stock unit activity for the three months ended March 31, 2026 is set forth below:


	Shares			Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2025		17,732		$	21.17
Granted		9,526			1.76
Released		(5,306	)		15.61
Forfeited		-			-
Outstanding as of March 31, 2026		21,952		$	14.09

Schedule of Stock Option Activity

A summary of our stock option activity under the 2018 Equity Incentive Plan (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, 2025		1,000	$	85.00
Granted		-		-
Exercised		-		-
Forfeited		-	$	-
Outstanding as of March 31, 2026		1,000	$	85.00	6.36	$	-
Exercisable as of March 31, 2026		1,000	$	85.00	6.36	$	-

A summary of our option activity under our 2009 Equity Incentive Plan (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, 2025		883	$	113.56
Granted		-		-
Exercised		-		-
Forfeited		-		-
Outstanding as of March 31, 2026		883	$	113.56		2.00	$	-
Exercisable as of March 31, 2026		883	$	113.56		2.00	$	-