Powerfleet, Inc. — Director's Dealing 2022

Aug 12, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PowerFleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2022-08-04

Reporting Person: Fong Joaquin (See "Remarks" below)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	21330	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (right to buy)	$5.87	2029-11-05	Common Stock, par value $0.01 per share (24546)		Direct

Footnotes

F1: This amount includes (i) 730 restricted shares of common stock, which shares vest on August 16, 2022, provided that Joaquin Fong (the "Reporting Person") is employed by PowerFleet, Inc. (the "Company") on such date; (ii) 2,428 restricted shares of common stock, which shares vest on June 4, 2023, provided that the Reporting Person is employed by the Company on such date; (iii) 4,091 restricted shares of common stock, 50% of which shares vest on each of November 5, 2022 and November 5, 2023, provided that the Reporting Person is employed by the Company on each such date; and (iv) 5,173 restricted shares of common stock, 33 1/3% of which shares vest on each of February 7, 2023, February 7, 2024 and February 7, 2025, provided that the Reporting Person is employed by the Company on each such date.

F2: On November 5, 2019, the Reporting Person was granted options to purchase 32,727 shares of common stock, par value $0.01 per share, under the Company's 2018 Incentive Plan. 8,182 shares subject to this grant were exercised and sold prior to the date hereof. Of the remaining 24,546 shares subject to this grant, (i) 8,182 shares are currently vested and exercisable and (ii) 16,364 shares will vest and become exercisable in equal parts on each of November 5, 2022 and November 5, 2023, provided that the Reporting Person is employed by the Company on each such date.