Powerfleet, Inc. — Director's Dealing 2024

Jun 3, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Powerfleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2024-05-16

Reporting Person: McConnell Michael J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-16	Common Stock, par value $0.01 per share	A	18028	—	Acquired	18028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-16	Stock options (right to buy)	$5.45	A	35920	Acquired	2034-05-16	Common Stock, par value $0.01 per share (35920)	Direct

Footnotes

F1: On May 16, 2024 (the "Grant Date"), the reporting person was granted 18,028 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 of his services as a director of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award will vest in full on the first anniversary of the Grant Date, provided that the reporting person is serving as a director of the Company on such date.

F2: On the Grant Date, the reporting person was granted options to purchase 35,920 shares of Common Stock under the 2018 Plan, in consideration of his services as a director of the Company. These options vest in equal installments on the last day of each fiscal quarter over a period of 10 fiscal quarters following the Grant Date, provided that the reporting person is serving as a director of the Company on each such date.