FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule
10b5-1(c). See Instruction
10.
UNITED STATES SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: | 3235-0287 |
Estimated average | |
burden hours | 0.5 |
per response | |
1. Name and Address of Reporting Person* | 2. Issuer Name and Ticker or Trading Symbol | 5. Relationship of Reporting Person(s) to | |||||||||||||||
Zeitunian James Scott | Powerfleet, Inc. [ PWFL ] | Issuer | |||||||||||||||
(Check all applicable) | |||||||||||||||||
Director | 10% Owner | ||||||||||||||||
(Last) | (First) | (Middle) | |||||||||||||||
3. Date of Earliest Transaction (Month/Day/Year) | X | Officer (give | Other (specify | ||||||||||||||
C/O POWERFLEET, INC. | 04/02/2024 | title below) | below) | ||||||||||||||
Chief Technology Officer | |||||||||||||||||
123 TICE BOULEVARD | |||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/ | 6. Individual or Joint/Group Filing (Check | ||||||||||||||||
(Street) | |||||||||||||||||
Year) | Applicable Line) | ||||||||||||||||
WOODCLIFF NJ | 07677 | X Form filed by One Reporting Person | |||||||||||||||
Form filed by More than One | |||||||||||||||||
LAKE | |||||||||||||||||
Reporting Person | |||||||||||||||||
(City) | (State) | (Zip) | |||||||||||||||
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | |||||||||||||||||
1. Title of Security (Instr. 3) | 2. Transaction | 2A. | 3. | 4. Securities Acquired (A) or | 5. Amount of | 6. | 7. Nature | ||||||||||
Date (Month/ | Deemed | Transaction | Disposed Of (D) (Instr. 3, 4 | Securities | Ownership | of Indirect | |||||||||||
Day/Year) | Execution | Code (Instr. | and 5) | Beneficially | Form: Direct | Beneficial | |||||||||||
Date, if | 8) | Owned | (D) or | Ownership | |||||||||||||
any | Following | Indirect (I) | (Instr. 4) | ||||||||||||||
(Month/ | (A) or | Reported | (Instr. 4) | ||||||||||||||
Day/ | Code | V | Amount | Price | Transaction(s) | ||||||||||||
Year) | (D) | (Instr. 3 and 4) | |||||||||||||||
Common Stock, par value $0.01 per | 04/02/2024 | F | 6,780(1) | D | $5.12 | 33,220 | D | ||||||||||
share | |||||||||||||||||
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/ Day/Year)
3A. Deemed Execution Date, if any (Month/ Day/ Year)
4. Transaction Code (Instr. 8)
5. Number of Derivative Securities Acquired
-
or
Disposed of (D) (Instr. 3, 4
and 5)
6. Date Exercisable and Expiration Date (Month/Day/Year)
7. Title and | 8. Price | 9. Number of | 10. | 11. Nature |
Amount of | of | Derivative | Ownership | of Indirect |
Securities | Derivative | Securities | Form: | Beneficial |
Underlying | Security | Beneficially | Direct (D) | Ownership |
Derivative | (Instr. 5) | Owned | or Indirect | (Instr. 4) |
Security | Following | (I) (Instr. | ||
(Instr. 3 and | Reported | 4) | ||
4) | Transaction(s) | |||
(Instr. 4) | ||||
Amount | |||||||||
or | |||||||||
Number | |||||||||
Date | Expiration | of | |||||||
Code | V | (A) | (D) | Exercisable | Date | Title | Shares | ||
Explanation of Responses:
1. These shares were withheld by Powerfleet, Inc. to satisfy tax withholding obligations upon the vesting of a restricted stock award previously made to the reporting person. The reporting person did not sell any shares on the transaction date.
Remarks:
/s/ Joaquin Fong, as Attorney-in-Fact | 05/10/2024 | ||||||
for James S. Zeitunian | |||||||
** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
- If the form is filed by more than one reporting person, see Instruction 4(b)(v).
- Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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Powerfleet Inc. published this content on 12 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2024 10:49:04 UTC.