Paul M. Dell - Jun 1, 2023 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role
Group Chief Financial Officer
Signature
/s/ Paul M. Dell, by Paul M. Dell, as Attorney-in-Fact
Stock symbol
MIXT
Transactions as of
Jun 1, 2023
Transactions value $
$0
Form type
4
Date filed
6/5/2023, 05:38 PM
Previous filing
Mar 9, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIXT Ordinary Shares Options Exercise $0 +100K +20.2% $0.00 595K Jun 1, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MIXT Restricted Share Units Options Exercise $0 +100K $0.00* 0 Jun 1, 2023 Ordinary Shares 100K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shareholders are advised of the following information relating to the settlement of the second and final tranche of retention shares awarded under the MiX Telematics Limited Long-Term Incentive Plan ("LTIP"), as disclosed in the Form 8K announcement published on June 19, 2020. Paul Dell's intention is to sell approximately 50,000 shares issued to him in respect of these retention shares (to cover the immediate tax obligation arising from the settlement of the retention shares). At the conclusion of this process, Paul Dell expects to have increased his shareholding in MiX Telematics by 50,000 shares, bringing his total shareholding to approximately 21,798 American Depositary Shares (equivalent to approximately 544,955 ordinary shares).
F2 Each Restricted Stock Unit represents a contingent right to receive one Ordinary Share of Issuer.
F3 The Restricted Stock Units shall vest in two installments. Subject to continued employment, the first 50% vested on June 1, 2022 and the second 50% shall vest on June 1, 2023. Vested shares will be delivered upon settlement