JACOBS IAN 4

What Happened

• Ian Jacobs, a director of Powerfleet, Inc. (AIOT), was granted 24,396 restricted stock units (RSUs) on May 18, 2026 under the company's 2018 Incentive Plan (transaction code A). The grant price is $0.00 (no cash paid); reported aggregate value in the filing is $0. Each RSU represents a contingent right to one share of common stock upon vesting.

Key Details

• Transaction date: May 18, 2026; Transaction type: Award/Grant (A)
• Shares/RSUs granted: 24,396; Price per share: $0.00; Reported aggregate value: $0
• Vesting: RSUs vest in full on the earlier of (x) the first anniversary of the grant date or (y) the date of the Company's next annual meeting of stockholders, provided Jacobs remains a director on that date (per award agreement and Plan)
• Shares owned after transaction: Not separately disclosed for Jacobs in this filing
• Footnotes of note:
  • F2: Certain securities are directly owned by 786 Partners LP and 402 Fund LP; Jacobs has voting and investment power over those securities and disclaims beneficial ownership except to the extent of his pecuniary interest.
  • F3: The filing reflects a decrease in indirect beneficial ownership resulting from a prior pro rata distribution of 368,918 shares by 402 Fund LP; no shares were sold by Jacobs in connection with that distribution.
• Filing timeliness: Reported and filed on May 18, 2026 (no late-filing indicator shown)

Context

• RSUs are a form of equity compensation that convert to shares only upon vesting and thus do not represent immediate open-market buying or selling. Grants to directors are commonly used for compensation and retention; the award itself does not necessarily indicate a purchase or sale intent. The filing also shows indirect holdings through investment funds over which Jacobs has control, so reported ownership changes may reflect fund actions rather than personal trading.