Insider Purchase: Powerfleet Director Acquires 10,000 Shares

Rhea-AI Filing Summary

Michael J. McConnell, a director of Powerfleet, Inc., reported a purchase of 10,000 shares of the company's common stock on 08/18/2025 at a price of $4.64 per share. Following the transaction he beneficially owns 28,028 shares. This disclosure was filed on Form 4 to report the change in beneficial ownership under Section 16.

Positive

• Director purchase disclosed: Michael J. McConnell acquired 10,000 shares at $4.64, increasing his beneficial ownership to 28,028 shares

Negative

• None.

Insights

Financial Analyst

TL;DR: Director purchase shows insider buying 10,000 shares at $4.64; ownership now 28,028 shares.

The Form 4 documents a straightforward open-market purchase by director Michael J. McConnell on 08/18/2025 for 10,000 shares at $4.64 each. The filing solely reports the transaction and resulting beneficial ownership of 28,028 shares. There are no options, derivatives, or additional transactions disclosed. From a market-impact perspective, this is a routine insider purchase disclosure without further context on size relative to outstanding shares or timing motives.

Corporate Governance Expert

TL;DR: Routine Section 16 filing; director-level acquisition properly reported.

The disclosure satisfies Section 16 reporting requirements by identifying the reporting person, relationship to issuer (director), transaction date (08/18/2025), transaction code (P for purchase), price ($4.64) and post-transaction beneficial ownership (28,028 shares). No amendments, derivative holdings, or plan-based trades are indicated. The filing is procedural and transparent but contains no commentary on insider plan or intent.

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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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^*

McConnell Michael J

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025

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	08/18/2025		P		10,000	A	$4.64	28,028	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:

	/s/ Michael McConnell	08/18/2025
	** 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

What transaction did Michael J. McConnell report on the Form 4 for PWFL?

He reported a purchase of 10,000 common shares on 08/18/2025 at $4.64 per share.

How many Powerfleet (PWFL) shares does the reporting person own after the transaction?

Beneficial ownership is 28,028 shares following the reported purchase.

What relationship does Michael J. McConnell have to Powerfleet in this filing?

He is identified as a director of Powerfleet, Inc.

Was this Form 4 filing an amendment or an original report?

This is an original Form 4 filing; no amendment date is provided.

Does the filing report any derivative or option transactions for the reporting person?

No derivatives or option transactions are reported in Table II; only a non-derivative purchase is disclosed.