Stefan B. Joselowitz - Jun 1, 2023 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role
President and CEO, Director
Signature
/s/ Joselowitz Stefan B, 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, 05:40 PM
Previous filing
Mar 7, 2023
Next filing
Apr 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MIXT Ordinary Shares Options Exercise $0 +200K +1% $0.00 20.3M 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 +200K $0.00* 0 Jun 1, 2023 Ordinary Shares 200K $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. Stefan Joselowitz' intention is to retain all 200,000 shares issued to him, thereby increasing his total shareholding to 810,235 American Depository Shares (equivalent to 20,255,865 ordinary shares). Stefan Joselowitz will be paying the associated costs of settlement of the retention shares out of pocket.
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