WILSON DAVID 4

What Happened David Wilson, Chief Financial Officer of Powerfleet, had 13,250 shares withheld by the company on July 27, 2025 to satisfy tax withholding obligations tied to vesting restricted stock awards. The withholding was calculated at $4.57 per share for an aggregate value of approximately $60,553. This was a tax-withholding event (code F) — not an open-market sale — and the filer did not sell any shares on the transaction date.

Key Details

• Transaction date and price: July 27, 2025 at $4.57 per share
• Shares withheld/disposed: 13,250; aggregate value ≈ $60,553
• Transaction code: F (shares withheld to satisfy tax liability upon vesting)
• Shares owned after transaction: Not specified in the provided filing
• Footnote: Company withheld shares to satisfy tax withholding on vested restricted stock; no shares were sold by the reporting person that day
• Filing timeliness: Form filed Feb 27, 2026 for a 2025-07-27 transaction — this appears to be a late Form 4 filing (Form 4s are generally due within 2 business days), which investors and regulators may note

Context Withholding shares to cover taxes upon vesting is a routine administrative action and does not carry the same interpretive weight as an open-market sale or purchase. It reduces the insider’s outstanding holdings but does not necessarily signal a change in the insider’s view of the company.