Michael J. McConnell - Jun 18, 2024 Form 4 Insider Report for Powerfleet, Inc. (PWFL)

Role: Director
Signature: /s/ David Wilson, as Attorney-in-Fact for Michael McConnell
Stock symbol: PWFL
Transactions as of: Jun 18, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/21/2024, 05:06 PM
Previous filing: Jun 3, 2024
Next filing: Dec 3, 2024

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	+125K		$0.00	125K	Jun 18, 2024	Common Stock, par value $0.01 per share	125K	$4.31	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 18, 2024 (the "Grant Date"), the reporting person was granted options to purchase 125,000 shares of common stock, par value $0.01 per share, of Powerfleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended, 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.

Content

On June 18, 2024 (the "Grant Date"), the reporting person was granted options to purchase 125,000 shares of common stock, par value $0.01 per share, of Powerfleet, Inc. (the "Company") under the Company's 2018 Incentive Plan, as amended, 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.