Michael Brodsky - 28 Jul 2023 Form 4 Insider Report for PowerFleet, Inc. (AIOT)

Role
Director
Signature
/s/ Joaquin Fong, Attorney-in-Fact
Issuer symbol
AIOT
Transactions as of
28 Jul 2023
Net transactions value
-$25,542
Form type
4
Filing time
11 Aug 2023, 17:04:29 UTC
Previous filing
28 Jul 2023
Next filing
10 May 2024
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 Tax liability $25,542 -9,322 -3.4% $2.74 264,457 28 Jul 2023 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76,000 28 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 The shares of common stock, par value $0.01 per share, of PowerFleet, Inc. (the "Company") were withheld by the Company to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to Michael Brodsky (the "Reporting Person"), under the Company's 2018 Incentive Plan, as amended.
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.