Powerfleet, Inc. — Director's Dealing 2024

Apr 12, 2024

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Powerfleet, Inc. (PWFL)
CIK: 0001774170
Period of Report: 2024-04-02

Reporting Person: Ingram Melissa Rose (See remarks)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	43566	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Options (right to buy)	$2.98	2032-03-08	Common Stock, par value $0.01 per share (65000)		Direct
Employee Stock Options (right to buy)	$2.98	2032-03-08	Common Stock, par value $0.01 per share (130000)		Direct
Employee Stock Options (right to buy)	$3.13	2033-05-26	Common Stock, par value $0.01 per share (25000)		Direct
Employee Stock Options (right to buy)	$3.13	2033-05-26	Common Stock, par value $0.01 per share (35000)		Direct

Footnotes

F1: On March 8, 2022, the reporting person was granted options to purchase 65,000 shares of common stock, par value $0.01 per share ("Common Stock"), of Powerfleet, Inc. ("Powerfleet"). These options have vested in full as of the date of this report.

F2: On March 8, 2022, the reporting person was granted options to purchase 130,000 shares of Common Stock of Powerfleet. The shares underlying these options will vest in full if the volume weighted average price of the Common Stock during a consecutive 60 trading day period (the "60 Day VWAP") reaches $12.00 per share, provided that the reporting person is employed by Powerfleet on such date.

F3: On May 26, 2023, the reporting person was granted options to purchase 25,000 shares of Common Stock of Powerfleet. These options have vested in full as of the date of this report.

F4: On May 26, 2023, the reporting person was granted options to purchase 35,000 shares of Common Stock of Powerfleet. The shares underlying these options will vest in full if the 60 Day VWAP reaches $12.00 per share, provided that the reporting person is employed by Powerfleet on such date.