Michael Brodsky - May 16, 2024 Form 4 Insider Report for Powerfleet, Inc. (PWFL)

Role
Director
Signature
/s/ David Wilson, as Attorney-in-Fact for Michael Brodsky
Stock symbol
PWFL
Transactions as of
May 16, 2024
Transactions value $
$0
Form type
4
Date filed
6/3/2024, 04:40 PM
Previous filing
May 10, 2024
Next filing
Jun 21, 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 Award $0 +18K +7.01% $0.00 275K May 16, 2024 Direct F1
holding PWFL Common Stock, par value $0.01 per share 76K May 16, 2024 By Vajra Fund I, L.P. F2

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
transaction PWFL Stock options (right to buy) Award $0 +35.9K $0.00 35.9K May 16, 2024 Common Stock, par value $0.01 per share 35.9K $5.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 16, 2024 (the "Grant Date"), the reporting person was granted 18,028 restricted shares of common stock, par value $0.01 per share ("Common Stock"), 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 the first anniversary of the Grant Date, 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.
F3 On the Grant Date, the reporting person was granted options to purchase 35,920 shares of Common Stock under the 2018 Plan, in consideration of his services as a director of the Company. These options vest in equal installments on the last day of each fiscal quarter over a period of 10 fiscal quarters following the Grant Date, provided that the reporting person is serving as a director of the Company on each such date.