AUSTIN, Texas, June 26, 2026 (GLOBE NEWSWIRE) -- Phunware, Inc. ('Phunware' or the 'Company') (NASDAQ: PHUN), a mobile-first enterprise guest intelligence platform company delivering location-aware guest intelligence and AI-enabled guest engagement tools, today announced that it made an inducement grant to Dmitry Kroshka in connection with his employment as Phunware’s new Chief Executive Officer, effective May 13, 2026. Such grant was made under the Phunware, Inc. 2026 Inducement Plan, which was approved and adopted on June 18, 2026 by Phunware’s Board of Directors. The Board grant was made pursuant to the Inducement Plan under the terms of (1) a time vested award of an aggregate of 105,820 restricted stock units (the 'Time Vested RSUs”), (2) a performance vested award of an aggregate of 317,460 restricted stock units (the 'Performance Vested RSUs”) and (3) a stock option for the purchase of up to an aggregate of 105,820 shares of common stock (the 'Stock Option,” and collectively with the Time Vested RSUs and Performance Vested RSUs, the 'Awards”). The grant of the Awards was provided for in Mr. Kroshka’s employment agreement described in the Form 8-K filed by Phunware with the SEC on May 18, 2026.