Michael Brodsky - Apr 2, 2024 Form 4 Insider Report for Powerfleet, Inc. (PWFL)

Role
Director
Signature
/s/ Joaquin Fong, as Attorney-in-Fact for Michael Brodsky
Stock symbol
PWFL
Transactions as of
Apr 2, 2024
Transactions value $
-$37,268
Form type
4
Date filed
5/10/2024, 04:24 PM
Previous filing
Aug 11, 2023
Next filing
Jun 3, 2024

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 -$37.3K -7.28K -2.75% $5.12 257K Apr 2, 2024 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76K Apr 2, 2024 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 These shares were withheld by Powerfleet, Inc. to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to the reporting person. The reporting person did not sell any shares on the transaction 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.