Catherine J. Lewis - Jun 26, 2023 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role: Executive Vice President
Signature: /s/ Catherine J. Lewis, by Paul M. Dell, as Attorney-in-Fact
Stock symbol: MIXT
Transactions as of: Jun 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/3/2023, 03:15 PM
Previous filing: Jun 20, 2023
Next filing: Apr 4, 2024

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	Stock Appreciation Rights	Award	$0	+500K		$0.00	500K	Jun 29, 2023	Ordinary Shares	500K	$0.27	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of this filing.
F2	The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on June 26, 2023 and expire on June 26, 2029.

Content

For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of this filing.

The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on June 26, 2023 and expire on June 26, 2029.