Powerfleet, Inc. — Director's Dealing 2020

May 15, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2020-05-13

Reporting Person: ABRY Senior Equity Holdings V, LLC (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-13	Convertible Promissory Note	$	J	0	Disposed		Series A Preferred Stock ()	Indirect
2020-05-13	Convertible Promissory Note	$	J	0	Disposed		Series A Preferred Stock ()	Indirect

Footnotes

F1: On May 13, 2020, the Issuer and the Reporting Person amended and restated the convertible promissory note in the aggregate principal amount of $4,186,936.64 to, among other things, remove the conversion feature of the note.

F2: On May 13, 2020, the Issuer and the Reporting Person amended and restated the convertible promissory note in the aggregate principal amount of $802,263.36 to, among other things, remove the conversion feature of the notes.