Charles W. Tasker - 04 Nov 2022 Form 4 Insider Report for MiX Telematics Ltd (MIXT)

Role: Chief Operations Officer, Director
Signature: /s/ Tasker Charles W, by Paul M. Dell, as Attorney-in-Fact
Issuer symbol: MIXT
Transactions as of: 04 Nov 2022
Transactions value $: $73,363
Form type: 4
Filing time: 08 Nov 2022, 08:43:47 UTC
Previous filing: 21 Jun 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MIXT	Ordinary Shares	Options Exercise	$73,363	+407,573	+7.36%	$0.18^*	5,942,380	04 Nov 2022	Direct	F1
holding	MIXT	Ordinary Shares						2,428,150	04 Nov 2022	By Wife

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MIXT	Stock Appreciation Rights	Options Exercise	$0	+875,000		$0^*	0	04 Nov 2022	Ordinary Shares	407,573	$0.18	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	For purposes of this table, the award price has been converted, based on the South African Rand/U.S. dollar exchange rate in effect as of grant date.
F2	The Stock Appreciation Rights time vest in 25% tranches beginning on the second anniversary of the grant date subject to the executive's continued employment, provided, however, that the grant is also subject to a performance based condition that a minimum total shareholder return of 10% must be achieved prior to the date that the grant expires. These Stock Appreciation Rights were granted on November 24, 2016 and expire on November 24, 2022.
F3	875,000 Stock Appreciation Rights were exercised equating to 407,573 ordinary shares (equivalent to 16,303 ADRs) based on an intrinsic value of 2.86 Rand (equivalent to $0.16) and an exercise price of 6.14 Rand (equivalent to $0.34). The conversion prices reflects the approximate U.S. dollar conversion rate of R18.1358 per U.S Dollar as of November 04, 2022.