<SEC-DOCUMENT>0001535610-25-000020.txt : 20250103
<SEC-HEADER>0001535610-25-000020.hdr.sgml : 20250103
<ACCEPTANCE-DATETIME>20250103173553
ACCESSION NUMBER:		0001535610-25-000020
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250103

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Phunware, Inc.
		CENTRAL INDEX KEY:			0001665300
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-89604
		FILM NUMBER:		25508121

	BUSINESS ADDRESS:	
		STREET 1:		7800 SHOAL CREEK BLVD
		STREET 2:		SUITE 230-S
		CITY:			AUSTIN
		STATE:			X1
		ZIP:			78757
		BUSINESS PHONE:		512-693-4199

	MAIL ADDRESS:	
		STREET 1:		7800 SHOAL CREEK BLVD
		STREET 2:		SUITE 230-S
		CITY:			AUSTIN
		STATE:			X1
		ZIP:			78757

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Stellar Acquisition III Inc.
		DATE OF NAME CHANGE:	20160128

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SABBY MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001535610
		ORGANIZATION NAME:           	
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		7012 FISHER ISLAND DR
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33109
		BUSINESS PHONE:		646-307-4500

	MAIL ADDRESS:	
		STREET 1:		7012 FISHER ISLAND DR
		CITY:			MIAMI BEACH
		STATE:			FL
		ZIP:			33109
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
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    <previousAccessionNumber>0001535610-24-000030</previousAccessionNumber>
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      <filer>
        <filerCredentials>
          <cik>0001535610</cik>
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      <liveTestFlag>LIVE</liveTestFlag>



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    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001665300</issuerCik>
        <issuerName>Phunware, Inc.</issuerName>
        <issuerCusip>71948P100</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>7800 SHOAL CREEK BLVD</com:street1>
          <com:street2>7800 SHOAL CREEK BLVD</com:street2>
          <com:city>AUSTIN</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>78757</com:zipCode>
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      <memberGroup>b</memberGroup>
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    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>SABBY VOLATILITY WARRANT MASTER FUND LTD</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
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      <reportingPersonName>HAL MINTZ</reportingPersonName>
      <memberGroup>b</memberGroup>
      <citizenshipOrOrganization>FL</citizenshipOrOrganization>
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        <issuerName>Phunware, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>7800 SHOAL CREEK BLVD, 7800 SHOAL CREEK BLVD, AUSTIN, TEXAS, 78757</issuerPrincipalExecutiveOfficeAddress>
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      <item2>
        <filingPersonName>Sabby Volatility Warrant Master Fund, Ltd.
Sabby Management, LLC
Hal Mintz
</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Sabby Volatility Warrant Master Fund, Ltd.
c/o Captiva (Cayman) Ltd
Governors Square, Bldg 4, 2nd Floor
23 Lime Tree Bay Avenue
P.O. Box 32315
Grand Cayman KY1-1209
Cayman Islands


Sabby Management, LLC
7012 Fisher Island Dr.
Miami Beach, FL 33109

Hal Mintz
c/o Sabby Management, LLC
7012 Fisher Island Dr.
Miami Beach, FL 33109</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Sabby Volatility Warrant Master Fund, Ltd. - Cayman Islands
Sabby Management, LLC - Delaware, USA
Hal Mintz - USA
</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Sabby Volatility Warrant Master Fund, Ltd. -  0

Sabby Management, LLC -  0

Hal Mintz - 0
</amountBeneficiallyOwned>
        <classPercent>Sabby Volatility Warrant Master Fund, Ltd. -  0

Sabby Management, LLC -  0

Hal Mintz - 0
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          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
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          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
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        <notApplicableFlag>Y</notApplicableFlag>
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        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

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      </item10>
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    <signatureInformation>
      <reportingPersonName>SABBY MANAGEMENT, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/S/ ROBERT GRUNDSTEIN</signature>
        <title>COO</title>
        <date>01/03/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>SABBY VOLATILITY WARRANT MASTER FUND LTD</reportingPersonName>
      <signatureDetails>
        <signature>/S/ ROBERT GRUNDSTEIN</signature>
        <title>COO OF INVESTMENT MANAGER</title>
        <date>01/03/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HAL MINTZ</reportingPersonName>
      <signatureDetails>
        <signature>/S/ HAL MINTZ</signature>
        <title>HAL MINTZ</title>
        <date>01/03/2025</date>
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</SEC-DOCUMENT>
