Michael Brodsky - 02 Apr 2024 Form 4 Insider Report for Powerfleet, Inc. (AIOT)

Role
Director
Signature
/s/ Joaquin Fong, as Attorney-in-Fact for Michael Brodsky
Issuer symbol
AIOT
Transactions as of
02 Apr 2024
Net transactions value
-$37,268
Form type
4
Filing time
10 May 2024, 16:24:29 UTC
Previous filing
11 Aug 2023
Next filing
03 Jun 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 $37,268 -7,279 -2.8% $5.12 257,178 02 Apr 2024 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76,000 02 Apr 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.