Offer Lehmann - 26 May 2023 Form 4 Insider Report for PowerFleet, Inc. (AIOT)

Reporting relationship: Chief Operating Officer
Issuer ticker: AIOT
Reported as of: 26 May 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 31 May 2023, 18:28:22 UTC
Prior SEC filing: 08 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Joaquin Fong, as Attorney-in-Fact for Offer Lehmann

Key filing fact

Offer Lehmann filed Form 4 for PowerFleet, Inc. (AIOT) on 31 May 2023.

Key facts

This page summarizes Offer Lehmann's Form 4 filing for PowerFleet, Inc. (AIOT).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 31 May 2023, 18:28.

Change

Previous filing in this sequence was filed on 08 Nov 2022.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PWFL transaction

Common Stock, par value $0.01 per share

Award

Transaction value: $0
Shares: +32,000
Change %
Price: $0.000000
Shares after: 32,000
Date: 26 May 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PWFL transaction Derivative

Employee Stock Options (right to buy)

Award

Transaction value: $0
Shares: +65,000
Change %
Price: $0.000000
Shares after: 65,000
Date: 26 May 2023
Ownership: Direct
Underlying class: Common Stock, par value $0.01 per share
Underlying amount: 65,000
Exercise price: $3.13
Footnotes: F2

PWFL transaction Derivative

Employee Stock Options (right to buy)

Award

Transaction value: $0
Shares: +130,000
Change %
Price: $0.000000
Shares after: 130,000
Date: 26 May 2023
Ownership: Direct
Underlying class: Common Stock, par value $0.01 per share
Underlying amount: 130,000
Exercise price: $3.13
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On May 26, 2023 (the "Grant Date"), Offer Lehmann (the "Reporting Person") was granted 32,000 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 for his services as the Chief Operating Officer ("COO") of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests as to 25% of such shares on each of November 2, 2023, November 2, 2024, November 2, 2025 and November 2, 2026, provided that the Reporting Person is employed by the Company on each such date.

Footnote F2

On the Grant Date, the Reporting Person was granted options to purchase 65,000 shares of Common Stock in consideration for his services as the COO of the Company. Subject to the terms and conditions of a stock option award agreement, this award vests as to 25% of such options on each of November 2, 2023, November 2, 2024, November 2, 2025 and November 2, 2026, provided that the Reporting Person is employed by the Company on each such date.

Footnote F3

On the Grant Date, the Reporting Person was granted options to purchase 130,000 shares of Common Stock in consideration for his services as the COO of the Company. Subject to the terms and conditions of a stock option award agreement, this award vests in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period reaches $12.00 per share, provided that the Reporting Person is employed by the Company on such date.