X0202 SCHEDULE 13D 0001989386 XXXXXXXX LIVE Common Stock 03/19/2026 false 0001665300 71948P209 Phunware, Inc.

1002 WEST AVENUE AUSTIN DE 19901

Huakun Ding 4165580050 8 The Green, Ste R, Dover DE 19901 0001989386 N Goldenwise Capital Group Ltd WC N E9 0.00 1100905.00 0.00 1100905.00 1100905.00 N 5.5 IV Common Stock Phunware, Inc. 1002 WEST AVENUE AUSTIN DE 19901 GoldenFuture Capital Investment Ltd, a Cayman Islands limited liability company ("GoldenFuture Fund"); Goldenwise Capital Group Ltd, a Hong Kong limited liability company ("Goldenwise"), which serves as the investment manager of GoldenFuture Fund and certain separately managed accounts (the "SMAs"); Huakun Ding, who serves as the founder and director of Goldenwise and GoldenFture Fund. This Statement is being filed by Huakun Ding, the controlling member of Goldenwise, which manages GoldenFuture Fund and certain SMAs. The principal office or business address of the Fund and Goldenwise is Level 28, The Lee Garden Two, 28 Yun Ping Road, Causeway Bay, Hong Kong The principal business of GoldenFuture Fund is investing in securities and engaging in all related activities and transactions. The principal business of Goldenwise, is serving as the investment manager of GoldenFuture Fund and certain SMAs. The principal occupation of Mr. Huakun Ding is serving as the CEO and Chief Investment Officer of Goldenwise. No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. GoldenFuture Fund is organized under the laws of the Cayman Islands. Huakun Ding is a citizen of Canada. Goldenwise Capital Group Ltd is organized under the laws of Hongkong. All of the Shares to which this Schedule 13D relates were purchased in open market on behalf of the Reporting Persons using the working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) of the respective Reporting Person. The aggregate amount of funds used for the purchase of the securities reported herein was approximately USD $2,113,738, including brokerage commissions. The Reporting Persons purchased the Shares based on their belief that the Company's current market valuation does not fully reflect its intrinsic value, including its balance sheet strength and strategic opportunities. The Reporting Person intends to engage in constructive discussions with the Company's Board of Directors and management regarding strategies to enhance long-term shareholder value. Such discussions may include matters relating to capital allocation, strategic direction, corporate governance, and operational efficiency. The Reporting Person believes that board-level representation may facilitate more effective dialogue and alignment with shareholders and therefore may seek to discuss the possibility of board representation with the Company. Except as set forth herein, the Reporting Person does not currently have any specific plans or proposals that would result in any of the actions described in Item 4 of Schedule 13D. The Reporting Person reserves the right to change its intentions and to pursue alternative courses of action in the future depending on market conditions and discussions with the Company. Goldenwise Capital Group Ltd beneficially owns 1,100,905 shares of Common Stock, representing 5.5% of all the outstanding shares of Common Stock. The GoldenFuture Fund and certain SMAs are controlled by Goldenwise Capital Group. Therefore, Goldenwise Capital Group may be deemed to beneficially own the 1,100,905 shares of Common Stock. Mr. Ding, as the CEO of Goldenwise Capital Group may be deemed to beneficially own the 1,100,905 shares of Common Stock beneficially owned by Goldenwise Capital Group through the GoldenFuture Fund and certain SMAs, representing 5.5% of all the outstanding shares of Common Stock. Each of Goldenwise Capital Group and Mr. Ding may be deemed to have shared voting and dispositive power with respect to the 1,100,905.00 shares of Common Stock. Except as set forth on Schedule 1 hereto, the Reporting Persons have not entered into any transactions in the Common Stock during the past sixty days. No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Shares. Not applicable. The relationships between Huakun Ding, Goldenwise Capital Group and GoldenFuture Fund are described above under Item 2. Not applicable. Goldenwise Capital Group Ltd Huakun Ding, Goldenwise Capital Group Ltd. 03/20/2026