Powerfleet, Inc. — Director's Dealing 2020

Mar 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2020-03-17

Reporting Person: Frumberg Charles (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-17	Common Stock, par value $0.01 per share	S	164030	$3.144	Disposed	1556740	Indirect
2020-03-18	Common Stock, par value $0.01 per share	S	54181	$2.8267	Disposed	1502559	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	41377	Direct

Footnotes

F1: These shares were sold to satisfy a margin call by a broker, to whom these shares were pledged as collateral for a margin loan. As a result of the sales reported in this Form 4, the obligations under the margin loan have been satisfied in full and no shares of common stock, par value $0.01 per share, of PowerFleet, Inc. are pledged as collateral.

F2: These securities are directly held by (i) Emancipation Capital Master, Ltd. ("Emancipation Master") and (ii) Emancipation Capital SPV IV LLC ("Emancipation SPV IV"). Emancipation Management LLC ("Emancipation Management") serves as the investment manager of Emancipation Master and Emancipation SPV IV. Emancipation Capital LLC ("Emancipation Capital") is the managing member of Emancipation SPV IV. Charles Frumberg (the "Reporting Person") is the managing member of Emancipation Management and Emancipation Capital. By virtue of the foregoing relationships, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Emancipation Master and Emancipation SPV IV. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.