Powerfleet, Inc. — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2021-03-01

Reporting Person: WOLFE CHRIS ADAMS (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock, par value $0.01 per share	A	19669	—	Acquired	252793	Direct
2021-03-01	Common Stock, par value $0.01 per share	F	7740	$8.49	Disposed	245053	Direct

Footnotes

F1: On March 1, 2021 (the "Grant Date"), Chris A. Wolfe (the "Reporting Person") was granted 19,669 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"), as payment for bonus earned for the 2020 fiscal year pursuant to the terms of the 2020 Executive Incentive Plan. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vested in full on the Grant Date.

F2: These shares of Common Stock were withheld by the Company to satisfy tax withholding obligations upon the grant of the restricted shares described in footnote 1 above.