Michael Brodsky - 26 Jul 2023 Form 4 Insider Report for PowerFleet, Inc. (AIOT)

Role
Director
Signature
/s/ Michael Brodsky
Issuer symbol
AIOT
Transactions as of
26 Jul 2023
Net transactions value
$0
Form type
4
Filing time
28 Jul 2023, 16:16:46 UTC
Previous filing
29 Jul 2022
Next filing
11 Aug 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 +20,562 +8.1% $0.000000 273,779 26 Jul 2023 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76,000 26 Jul 2023 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 26, 2023, Michael Brodsky (the "Reporting Person") was granted 20,562 restricted shares of common stock, par value $0.01 per share, 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 26, 2024, 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.

Remarks:

Exhibit 24 - Power of Attorney