On June 2, 2023, Phunware, Inc. (the Company) announced that Matt Aune would be leaving his role as Chief Financial Officer, effective as of June 2, 2023 (the Transition Date). It is currently anticipated that Mr. Aune's employment with the Company will terminate on June 30, 2023. The Company also announced the appointment of Troy Reisner as the Company's Chief Financial Officer, also effective as of the Transition Date.

Mr. Reisner, age 55, has served as the Chief Financial Officer at Keystone Tower Systems, Inc., a manufacturer and installer of wind turbines, headquartered in Denver, Colorado. Prior to joining Keystone in December 2019, Mr. Reisner served over twenty years with the public accounting firm of Deloitte & Touche LLP until his retirement as partner in June 2019. In January 2022, he was appointed to the board of CEA Industries, Inc., which designs, engineers and sells environmental control and other technologies for the controlled environment agriculture industry, where he also serves as chairman of their audit committee and member of their compensation committee.

Mr. Reisner earned a B.S. degree in Accounting from Southern Illinois University at Edwardsville and practiced as a Certified Public Accountant for over 30 years and is licensed (inactive) as a CPA in the State of Missouri.