Phunware, Inc. — Form SCHEDULE 13D/A

Between June 23 and August 19, 2026, an undisclosed insider purchased approximately 123,372 common shares of Phunware at prices ranging from $1.89 to $2.50. Concurrently, the insider shorted ~1,758 put option contracts (primarily Oct 2026 and Jan 2027 $2.50 strikes) while closing ~4,841 call contracts. Total stock purchases approximate $260K–$280K at current valuations. The filing does not identify the counterparties or disclose whether this represents a single investor or multiple parties. The net effect suggests aggressive accumulation coupled with income generation via short puts.