PowerFleet Form 4: CEO Steven Towe Purchases 23,157 Shares

Rhea-AI Filing Summary

Form 4: PowerFleet, Inc. reporting person Steven Mark Towe (Chief Executive Officer and Director) purchased 23,157 shares of the company's common stock on 08/14/2025. The reported per-share price is $4.42, converted from GBP 3.27 using a rate of GBP1 = USD1.35. Following the transaction, Mr. Towe beneficially owns 2,457,923 shares. The report is signed by the reporting person and indicates the Form 4 was filed by one reporting person.

Positive

• Insider purchase by the CEO and Director indicates a managerial acquisition of company stock
• Complete disclosure includes transaction date, number of shares, post-transaction ownership and conversion explanation
• Signed Form 4 by the reporting person, meeting filing formalities

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO purchased additional shares; transaction size is modest relative to his total holdings.

Mr. Towe acquired 23,157 shares at a reported $4.42 per share (GBP3.27 converted at GBP1=USD1.35). Insider purchases can signal confidence, but the added shares represent a small incremental increase relative to his total beneficial ownership of 2,457,923 shares, so the transaction is unlikely to materially change ownership stakes or corporate control. The disclosure is complete for the non-derivative transaction and includes the required conversion note.

Corporate Governance Expert

TL;DR: Routine insider buy disclosure by CEO; governance disclosure appears timely and properly signed.

The Form 4 identifies the reporting person as both Director and CEO and records a straightforward open-market purchase reported under code P. The filing includes the post-transaction beneficial ownership amount and an explicit explanation of the currency conversion. From a governance and compliance perspective, the form contains the necessary elements and a manual signature by the reporting person.

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
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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^*

Towe Steven Mark

(Last) (First) (Middle)

C/O POWERFLEET, INC.

123 TICE BOULEVARD

(Street)

WOODCLIFF LAKE NJ 07677

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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

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

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

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	08/14/2025		P		23,157	A	$4.42(1)	2,457,923	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. This transaction was conducted in British Pounds. The per share purchase price of GBP3.27 was converted into U.S. Dollars at the conversion rate of GBP1 = USD1.35.

	/s/ Steve Towe	08/14/2025
	** 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.

FAQ

Who filed the Form 4 for PowerFleet, Inc. and what is their role?

The Form 4 was filed by Steven Mark Towe, who is listed as both a Director and the Chief Executive Officer.

How many shares did the insider purchase and when?

The insider purchased 23,157 shares on 08/14/2025.

What price was paid per share and how was it calculated?

The per-share purchase price is reported as $4.42, converted from GBP 3.27 using a conversion rate of GBP1 = USD1.35.

How many shares does the reporting person own after the transaction?

Following the reported purchase, the reporting person beneficially owns 2,457,923 shares.

Was this Form 4 filed by one reporting person or multiple persons?

The Form indicates it was filed by one reporting person.