AUSTIN, Texas, Ju e 26, 2026 (GLOBE NEWSWIRE) — Phu wa e, I c. (“Phu wa e” o the “Compa y”) (NASDAQ: PHUN), a mobile-fi st e te p ise guest i tellige ce platfo m compa y delive i g locatio -awa e guest i tellige ce a d AI-e abled guest e gageme t tools, today a ou ced that it made a i duceme t g a t to Dmit y K oshka i co ectio with his employme t as Phu wa e’s ew Chief Executive Office , effective May 13, 2026. Such g a t was made u de the Phu wa e, I c. 2026 I duceme t Pla , which was app oved a d adopted o Ju e 18, 2026 by Phu wa e’s Boa d of Di ecto s. The Boa d g a t was made pu sua t to the I duceme t Pla u de the te ms of (1) a time vested awa d of a agg egate of 105,820 est icted stock u its (the “Time Vested RSUs”), (2) a pe fo ma ce vested awa d of a agg egate of 317,460 est icted stock u its (the “Pe fo ma ce Vested RSUs”) a d (3) a stock optio fo the pu chase of up to a agg egate of 105,820 sha es of commo stock (the “Stock Optio ,” a d collectively with the Time Vested RSUs a d Pe fo ma ce Vested RSUs, the “Awa ds”). The g a t of the Awa ds was p ovided fo i M . K oshka’s employme t ag eeme t desc ibed i the Fo m 8-K filed by Phu wa e with the SEC o May 18, 2026.
The g a t of the Awa ds was app oved by Phu wa e’s Compe satio Committee o Ju e 25, 2026 pu sua t to a delegatio by the Boa d a d was issued as a equity g a t pu sua t to Nasdaq Listi g Rule 5635(c)(4), as a i duceme t mate ial to M . K oshka e te i g i to employme t with Phu wa e. The Time Vested RSUs a e subject to a th ee-yea vesti g schedule comme ci g o May 13, 2026, with o e-thi d of the est icted stock u its vesti g o the fi st a ive sa y of the comme ceme t date, a d the emai i g amou t vesti g i equal qua te ly i stallme ts the eafte , subject to M . K oshka’s co ti ued employme t. The Pe fo ma ce Vested RSUs a e subject to vesti g upo the Compa y’s achieveme t of a volume weighted ave age p ice at o above $5.00 pe sha e fo 20 days a d eve ue of at least $4.5 millio fo a t aili g 12 mo th pe iod (excludi g p ofessio al se vices eve ue), which may be p o- ated i the eve t that the Compa y te mi ates M . K oshka without cause withi a yea . The Stock Optio shall be exe cisable at a p ice of $5.00, subject to a fou -yea vesti g schedule comme ci g o May 13, 2026, with o e-qua te of the sha es vesti g o the fi st a ive sa y of the comme ceme t date, a d the emai i g amou t vesti g i equal qua te ly i stallme ts the eafte , subject to M . K oshka’s co ti ued employme t.
Phu wa e, I c. (NASDAQ: PHUN) is a e te p ise softwa e compa y specializi g i mobile app solutio s fo hospitality, healthca e a d othe la ge p ope ty elated custome s, with i teg ated i tellige t capabilities. We p ovide busi esses with the tools to c eate, impleme t, a d ma age custom mobile applicatio s, a alytics, digital adve tisi g, a d locatio -based se vices. Phu wa e is t a sfo mi g mobile e gageme t by delive i g scalable, pe so alized, a d data-d ive mobile app expe ie ces.
Phu wa e’s missio is to achieve u pa alleled co ectivity a d mo etizatio th ough the widesp ead adoptio of Phu wa e mobile tech ologies, leve agi g b a ds, co sume s, pa t e s, a d ma ket pa ticipa ts. Phu wa e is poised to expa d its softwa e p oducts a d se vices audie ce th ough ew ge e ative AI p oducts a d p oduct e ha ceme ts which a e i developme t, utilize a d mo etize its pate ts a d othe i tellectual p ope ty, a d focus o se vi g its e te p ise custome s a d pa t e s.
Fo mo e i fo matio o Phu wa e, please visit https://www.phu wa e.com/.
This p ess elease i cludes fo wa d-looki g stateme ts. All stateme ts othe tha stateme ts of histo ical facts co tai ed i this p ess elease, i cludi g stateme ts ega di g ou futu e esults of ope atio s a d fi a cial positio , busi ess st ategy a d pla s, ou objectives fo futu e ope atio s, the timi g a d impact of leade ship t a sitio s, the developme t a d comme cial ollout of ou P oduct 2.0 st ategy a d Guest I tellige ce Platfo m, the expa sio of ou p oduct offe i g i to adjace t e d ma kets, a d the timi g of upcomi g i vesto a d i dust y eve ts, a e fo wa d-looki g stateme ts. The wo ds “a ticipate,” “believe,” “co ti ue,” “could,” “estimate,” “expect,” “i te d,” “may,” “might,” “pla ,” “possible,” “pote tial,” “p edict,” “p oject,” “should,” “will,” a d simila exp essio s a e i te ded to ide tify fo wa d-looki g stateme ts. Fo example, Phu wa e uses fo wa d-looki g stateme ts whe it discusses the adoptio a d impact of eme gi g tech ologies a d thei use ac oss mobile e gageme t platfo ms.
The fo wa d-looki g stateme ts co tai ed i this p ess elease a e based o ou cu e t expectatio s a d beliefs co ce i g futu e developme ts a d thei pote tial effects o us. These fo wa d-looki g stateme ts i volve isks, u ce tai ties, a d othe assumptio s that may cause actual esults to diffe mate ially f om those exp essed o implied. These isks a d u ce tai ties i clude, but a e ot limited to, those facto s desc ibed u de the headi g “Risk Facto s” i ou fili gs with the SEC. We u de take o obligatio to update a y fo wa d-looki g stateme ts.
By thei atu e, fo wa d-looki g stateme ts i volve isks a d u ce tai ties. We cautio you that fo wa d-looki g stateme ts a e ot gua a tees of futu e pe fo ma ce a d that ou actual esults may diffe mate ially f om those exp essed o implied by these fo wa d-looki g stateme ts.
Ch is Tyso , Executive Vice P eside tMZ G oup – MZ No th Ame ica949-491-8235PHUN@mzg oup.uswww.mzg oup.us
