4//SEC Filing
Frumberg Charles 4
Accession 0001493152-22-014352
CIK 0001774170other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 5:21 PM ET
Size
9.3 KB
Accession
0001493152-22-014352
Insider Transaction Report
Form 4
PowerFleet, Inc.PWFL
Frumberg Charles
Director
Transactions
- Sale
Common Stock, par value $0.01 per share
2022-05-16$2.24/sh−11,716$26,186→ 27,699 total(indirect: See footnote) - Sale
Common Stock, par value $0.01 per share
2022-05-17$2.25/sh−27,699$62,442→ 0 total(indirect: See footnote)
Holdings
- 114,660
Common Stock, par value $0.01 per share
Footnotes (6)
- [F1]These transactions were executed in order to effect a final liquidation of Emancipation Capital SPV IV LLC ("Emancipation SPV IV").
- [F2]This transaction was executed in multiple trades at prices ranging from $2.23 to $2.26, inclusive. The price reported above reflects the weighted average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]In addition to the transaction noted in footnote (2), reflects shares resulting from pro rata distributions by Emancipation Capital, LP ("Emancipation LP") and Emancipation SPV IV that occurred prior to the earliest transaction date of this report.
- [F4]These securities are directly held by (i) Emancipation LP and (ii) Emancipation SPV IV. Emancipation Management LLC ("Emancipation Management") serves as the investment manager of Emancipation LP and Emancipation SPV IV. Emancipation Capital LLC ("Emancipation Capital") is the managing member of Emancipation SPV IV. Mr. Frumberg is the managing member of Emancipation Management and Emancipation Capital. By virtue of the foregoing relationships, the Reporting Person may be deemed to indirectly beneficially own the securities directly held by Emancipation LP and Emancipation SPV IV. The Reporting Person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- [F5]This transaction was executed in multiple trades at prices ranging from $2.19 to $2.34, inclusive. The price reported above reflects the weighted average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F6]Includes 39,674 shares received as pro rata distributions from Emancipation LP and Emancipation SPV IV.
Documents
Issuer
PowerFleet, Inc.
CIK 0001774170
Entity typeother
Related Parties
1- filerCIK 0001314587
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 5:21 PM ET
- Size
- 9.3 KB