Michael Brodsky - 28 Jul 2022 Form 4 Insider Report for PowerFleet, Inc. (AIOT)

Role: Director
Signature: /s/ Michael Brodsky
Issuer symbol: AIOT
Transactions as of: 28 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 29 Jul 2022, 17:20:49 UTC
Previous filing: 16 Mar 2022
Next filing: 28 Jul 2023
SEC: View on sec.gov

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	+26,332	+12%	$0.000000	253,217	28 Jul 2022	Direct	F1
holding	PWFL	Common Stock, par value $0.01 per share						76,000	28 Jul 2022	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 July 28, 2022 (the "Grant Date"), Michael Brodsky (the "Reporting Person") was granted 26,332 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 July 28, 2023, 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.

Content

On July 28, 2022 (the "Grant Date"), Michael Brodsky (the "Reporting Person") was granted 26,332 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 July 28, 2023, provided that the Reporting Person is serving as a director of the Company on such date.

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.