Powerfleet director granted 29,167 RSUs

Powerfleet director Michael J. Casey received a 29,167 RSU equity award that vests in full after about one year or at the next annual meeting, subject to continued service.

Rhea-AI Filing Summary

Powerfleet, Inc. (symbol: AIOT) is the issuer of record for a Form 4 filing submitted to the SEC. CASEY MICHAEL J reported acquisition or exercise transactions in this Form 4 filing.

Powerfleet, Inc. (AIOT) reported that director Michael J. Casey received a grant of 29,167 restricted stock units (RSUs) on September 17, 2026 under the company’s 2018 Incentive Plan. Each RSU represents a contingent right to one share of common stock and vests in full on the earlier of the first anniversary of the grant date or the next annual stockholders’ meeting, subject to continued board service, bringing his direct holdings to 218,220 shares.

Insider Trade Summary

Grant/Award: 29,167 shares

Grant/Award 1 txn

Insider CASEY MICHAEL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $0.01 per share F1	29,167	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $0.01 per share — 218,220 shares (Direct)

Footnotes (1)

1. F1. On September 17, 2026 (the "Grant Date"), the reporting person was granted 29,167 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director of Powerfleet, Inc. (the "Company"). Each RSU represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon vesting. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the RSUs vest in full on the earlier of (x) the first anniversary of the Grant Date and (y) the date of the Company's next annual meeting of stockholders, provided that the reporting person is serving as a director of the Company on such date.

Key Figures

RSUs granted: 29,167 units Shares following transaction: 218,220 shares Transaction price per share: $0.00 per share +2 more

5 metrics

RSUs granted 29,167 units Restricted stock units granted on September 17, 2026

Shares following transaction 218,220 shares Direct holdings reported after the RSU grant

Transaction price per share $0.00 per share RSU grant made as equity compensation, not a cash purchase

Par value $0.01 per share Par value of Powerfleet common stock underlying the RSUs

Grant Date September 17, 2026 Date the 29,167 RSUs were granted

Key Terms

restricted stock units, 2018 Incentive Plan, Grant Date, vest in full, +1 more

5 terms

restricted stock units financial

"the reporting person was granted 29,167 restricted stock units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2018 Incentive Plan financial

"under the Powerfleet, Inc. 2018 Incentive Plan, as amended"

Grant Date financial

"On September 17, 2026 (the "Grant Date"), the reporting person"

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

vest in full financial

"the RSUs vest in full on the earlier of (x) the first anniversary"

contingent right financial

"Each RSU represents a contingent right to receive one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Powerfleet (AIOT) disclose for Michael J. Casey?

Powerfleet disclosed that director Michael J. Casey received a grant of 29,167 restricted stock units of common stock on September 17, 2026 as compensation for his services as a director under the company’s 2018 Incentive Plan.

How many Powerfleet (AIOT) shares does Michael J. Casey hold after this grant?

Following the RSU grant, Michael J. Casey is reported to directly hold 218,220 shares of Powerfleet common stock. This figure reflects his holdings after the acquisition associated with the 29,167 restricted stock units reported in the filing.

What are the vesting terms of the 29,167 RSUs granted by Powerfleet (AIOT)?

The 29,167 RSUs vest in full on the earlier of the first anniversary of September 17, 2026 or the date of Powerfleet’s next annual meeting of stockholders, provided Michael J. Casey is serving as a director on that vesting date.

Does Powerfleet (AIOT) state a purchase price for the RSUs granted to Michael J. Casey?

The RSU grant is reported with a per-share transaction price of $0.00. Each RSU represents a contingent right to receive one share of Powerfleet common stock upon vesting, granted as equity compensation rather than through a cash purchase.

Was the Powerfleet (AIOT) RSU grant to Michael J. Casey under a Rule 10b5-1 plan?

The filing indicates the Rule 10b5-1 checkbox is not marked, and no footnote describes a trading plan. This RSU grant is reported as compensation under the Powerfleet, Inc. 2018 Incentive Plan, not as a transaction executed under a Rule 10b5-1 plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:23 PM Accepted by SEC EDGAR 09/18/2026 - 04:23 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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 per response:			0.5

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 for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CASEY MICHAEL J

(Last) (First) (Middle)

C/O POWERFLEET, INC.

123 TICE BOULEVARD

(Street)

WOODCLIFF LAKE NEW JERSEY 07677

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Powerfleet, Inc. [ AIOT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	09/17/2026		A		29,167(1)	A	$0(1)	218,220	D

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 (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On September 17, 2026 (the "Grant Date"), the reporting person was granted 29,167 restricted stock units ("RSUs") under the Powerfleet, Inc. 2018 Incentive Plan, as amended (the "2018 Plan"), in consideration of his services as a director of Powerfleet, Inc. (the "Company"). Each RSU represents a contingent right to receive one share of the Company's common stock, par value $0.01 per share, upon vesting. Subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan, the RSUs vest in full on the earlier of (x) the first anniversary of the Grant Date and (y) the date of the Company's next annual meeting of stockholders, provided that the reporting person is serving as a director of the Company on such date.

	/s/ Michael J. Casey	09/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)