Patrick J. Maley - Aug 29, 2022 Form 3 Insider Report for PowerFleet, Inc. (PWFL)

Role
Chief Revenue Officer
Signature
/s/ Patrick J. Maley
Stock symbol
PWFL
Transactions as of
Aug 29, 2022
Transactions value $
$0
Form type
3
Date filed
9/9/2022, 04:24 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PWFL Common Stock, par value $0.01 per share 75K Aug 29, 2022 Direct F1

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
holding PWFL Employee Stock Options (right to buy) Aug 29, 2022 Common Stock, par value $0.01 per share 150K $2.85 Direct F2
holding PWFL Employee Stock Options (right to buy) Aug 29, 2022 Common Stock, par value $0.01 per share 450K $2.85 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of 75,000 restricted shares of common stock, par value $0.01 per share ("Common Stock"), of PowerFleet, Inc. (the "Company") granted to Patrick Maley (the "Reporting Person") under the Company's 2018 Incentive Plan, as amended (the "2018 Plan"), which vest as to 25% of such shares on each of the first, second, third and fourth anniversaries of March 7, 2022 (the "Grant Date"), provided that the Reporting Person is employed by the Company on each such date.
F2 On the Grant Date, the Reporting Person was granted options to purchase 150,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests as to 25% of such options on each of the first, second, third and fourth anniversaries of the Grant Date, provided that the Reporting Person is employed by the Company on each such date.
F3 On the Grant Date, the Reporting Person was granted options to purchase 450,000 shares of Common Stock under the 2018 Plan. Subject to the terms and conditions of a stock option grant agreement and the 2018 Plan, this award vests in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period (the "60 Day VWAP") reaches $12.00 per share, provided that the Reporting Person is employed by the Company on such date.

Remarks:

Exhibit 24 - Power of Attorney.