Powerfleet, Inc. — Director's Dealing 2025

Apr 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Powerfleet, Inc. (AIOT)
CIK: 0001774170
Period of Report: 2025-03-30

Reporting Person: Powell Michael Joseph (Chief Innovation Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-30	Common Stock, par value $0.01 per share	A	26371	—	Acquired	26371	Direct
2025-03-30	Common Stock, par value $0.01 per share	A	52743	—	Acquired	79114	Direct

Footnotes

F1: On March 30, 2025, Mike Powell (the "Reporting Person") was granted 26,371 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 for his services as the Chief Innovation Officer of the Company. Subject to the terms and conditions of a restricted stock award agreement and the 2018 Plan, this award vests in equal installments over a three-year period, provided that the Reporting Person is employed by the Company on each such date.

F2: The number of shares represents the target number of shares that may be earned by the Reporting Person based on achievement by the Company of certain performance criteria. The actual number of shares awarded may vary between 0% and 150% of the target, depending on the Company's performance.