Powerfleet (AIOT) Director Ian Jacobs Receives RSU Award

What Happened Ian Jacobs, a director of Powerfleet, Inc. (AIOT), was granted 29,167 restricted stock units (RSUs) on September 17, 2026 (transaction code A). The Form 4 reports the award as 29,167 RSUs at $0.00 per share (a compensatory grant). Each RSU represents the contingent right to receive one share of common stock upon vesting; no cash purchase or sale occurred.

Key Details

• Transaction date and type: 2026-09-17 — Award/Grant of RSUs (Code A). Filed on 2026-09-18 (timely).
• Award size and price: 29,167 RSUs, reported at $0.00 per share (compensation award).
• Vesting: RSUs vest in full on the earlier of (x) the first anniversary of the grant date or (y) the Company’s next annual meeting, provided Jacobs continues serving as a director (see footnote F1).
• Ownership after transaction: Not specified in the filing.
• Footnotes: F1 describes the RSU terms/vesting. F2 notes certain securities are directly owned by 786 Partners LP and 402 Fund LP, over which Jacobs has voting and investment power but disclaims beneficial ownership except to his pecuniary interest. Exhibit 24 (Power of Attorney) attached.

Context This was a standard director compensation award (RSUs), not an open-market purchase or sale. RSUs convert to shares only upon vesting and do not represent immediate cash proceeds or a sale. The filing appears timely and provides the usual disclosure about related fund holdings and voting/investment power.