Michael Brodsky - Aug 9, 2021 Form 4 Insider Report for PowerFleet, Inc. (PWFL)

Role
Director
Signature
/s/ Ned Mavrommatis, as Attorney-in-Fact for Michael Brodsky
Stock symbol
PWFL
Transactions as of
Aug 9, 2021
Transactions value $
$0
Form type
4
Date filed
8/10/2021, 09:32 PM
Previous filing
May 19, 2021
Next filing
Feb 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PWFL Common Stock, par value $0.01 per share Award $0 +8.56K +4.69% $0.00 191K Aug 9, 2021 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76K Aug 9, 2021 By Vajra Fund I, L.P. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 9, 2021 (the "Grant Date"), Michael Brodsky (the "Reporting Person") was granted 8,556 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award will vest in full on August 9, 2022, provided that the Reporting Person is serving as a director of the Company on such date.
F2 The Reporting Person, as the general partner of Vajra Fund I, L.P. ("Vajra Fund"), may be deemed to beneficially own the securities held by Vajra Fund. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.