[SCHEDULE 13D] Phunware, Inc. Major Shareholder Acquisition (>5%)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13D
Rhea-AI Filing Summary
Phunware, Inc. shareholder Zhengxu He has reported a 2.6% beneficial stake in the company’s common stock. The filing shows beneficial ownership of 520,000 shares, with sole voting and dispositive power over all of them.
He acquired these shares using personal funds as an “active investor,” purchasing in the open market between early February and late March 2026 at prices ranging from $1.61 to $1.88 per share.
Positive
- None.
Negative
- None.
Insights
An individual investor has accumulated a modest but active 2.6% stake.
Zhengxu He reports beneficial ownership of 520,000 Phunware shares, or 2.6% of the common stock, with sole voting and dispositive power. The stake was built with personal funds across multiple open‑market purchases in Q1 2026.
The filer describes the role as an active investor, which can sometimes signal an intent to engage on strategy or governance, though no specific plans are detailed here. Given the relatively small percentage of the company, this is notable but not transformative for overall control dynamics.
Key Figures
Beneficial ownership: 520,000 shares
Ownership percentage: 2.6%
Purchase on Feb 4, 2026: 90,000 shares at $1.63/share
+5 more
8 metrics
Beneficial ownership
520,000 shares
Common stock beneficially owned as reported in Schedule 13D
Ownership percentage
2.6%
Percent of Phunware common stock represented by 520,000 shares
Purchase on Feb 4, 2026
90,000 shares at $1.63/share
Open-market transaction; total $146,674.56
Purchase on Feb 5, 2026
270,000 shares at $1.61/share
Open-market transaction; total $435,091.44
Purchase on Feb 9, 2026
100,000 shares at $1.76/share
Open-market transaction; total $175,663.37
Purchase on Feb 11, 2026
30,000 shares at $1.88/share
Open-market transaction; total $56,468.00
Purchase on Mar 30, 2026
30,000 shares at $1.67/share
Open-market transaction; total $49,994.86
Sole voting power
520,000 shares
Shares over which the reporting person has sole voting power
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13D, +2 more
6 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 520,000.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 520,000.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"9 | Sole Dispositive Power 520,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
active investor financial
"Item 4. | Purpose of Transaction | Active investor"
Common Stock financial
"Title of Class of Securities: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What percentage of Phunware (PHUN) does Zhengxu He report owning?
Zhengxu He reports beneficial ownership of 520,000 Phunware shares, representing 2.6% of the company’s common stock. This percentage reflects his sole voting and dispositive power over all reported shares, as disclosed in the Schedule 13D filing.
When did Zhengxu He purchase his Phunware (PHUN) stake?
The Schedule 13D shows purchases on February 4, 5, 9, 11, and March 30, 2026. These trades cumulatively built his 520,000-share position, all executed within the first quarter of 2026 according to the transaction table in Item 5.
What is the stated purpose of Zhengxu He’s investment in Phunware (PHUN)?
Item 4 of the Schedule 13D describes the purpose of the transaction as “Active investor.” This signals an intention to be engaged rather than purely passive, although the filing does not outline specific strategic, operational, or governance plans at this time.