Melissa Rose Ingram - 02 Apr 2024 Form 3 Insider Report for Powerfleet, Inc. (PWFL)

Role
Officer
Signature
/s/ Melissa Rose Ingram
Issuer symbol
PWFL
Transactions as of
02 Apr 2024
Net transactions value
$0
Form type
3
Filing time
12 Apr 2024, 17:33:55 UTC
Next filing
01 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PWFL Common Stock, par value $0.01 per share 43,566 02 Apr 2024 Direct

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
holding PWFL Employee Stock Options (right to buy) 02 Apr 2024 Common Stock, par value $0.01 per share 65,000 $2.98 Direct F1
holding PWFL Employee Stock Options (right to buy) 02 Apr 2024 Common Stock, par value $0.01 per share 130,000 $2.98 Direct F2
holding PWFL Employee Stock Options (right to buy) 02 Apr 2024 Common Stock, par value $0.01 per share 25,000 $3.13 Direct F3
holding PWFL Employee Stock Options (right to buy) 02 Apr 2024 Common Stock, par value $0.01 per share 35,000 $3.13 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.

Remarks:

Melissa Rose Ingram is the Chief Corporate Development Officer of Powerfleet. Exhibit 24 - Power of Attorney