A Form 4 filed on September 18, 2026 reports that Ian Jacobs, a director of Powerfleet, Inc. (NASDAQ:AIOT), was granted 29,167 restricted stock units on September 17, 2026 under the company's 2018 Incentive Plan.

Key Highlights

  • RSU grant: Ian Jacobs received 29,167 restricted stock units on September 17, 2026, at a price of $0 per unit.
  • Vesting schedule: The RSUs vest in full on the earlier of the first anniversary of the grant date or the date of the company's next annual meeting of stockholders, subject to continued service as a director.
  • Direct holdings after transaction: Jacobs directly and beneficially owns 102,309 shares of common stock following the grant.
  • Indirect holdings: An additional 3,982,432 shares are held indirectly through 786 Partners LP and 402 Fund LP, over which Jacobs has voting and investment power.
  • Disclaimer: Jacobs disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Powerfleet Director RSU Award and Beneficial Ownership Details

According to the filing, Ian Jacobs, serving as a director of Powerfleet, Inc., was granted 29,167 restricted stock units on September 17, 2026 under the Powerfleet, Inc. 2018 Incentive Plan, as amended. The filing states that each RSU represents a contingent right to receive one share of the company's common stock, par value $0.01 per share, upon vesting. The grant was made in consideration of his services as a director, and the transaction code recorded is "A" (acquired), with a price of $0.

The filing discloses that the RSUs are subject to the terms and conditions of a restricted stock unit award agreement and the 2018 Plan. They vest in full on the earlier of the first anniversary of the grant date or the date of the company's next annual meeting of stockholders, provided that Jacobs is serving as a director of the company on that date. Following the reported transaction, Jacobs directly holds 102,309 shares of Powerfleet common stock.

In addition, the filing reports 3,982,432 shares held indirectly through 786 Partners LP and 402 Fund LP. According to the filing, Jacobs has voting and investment power over those securities, but "disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein." The Form 4 was signed by Ian Jacobs on September 18, 2026, and references an attached Exhibit 24 Power of Attorney.

What Was Disclosed

The filing reports a director-level RSU grant of 29,167 units to Ian Jacobs at Powerfleet, Inc. (NASDAQ:AIOT), along with his total directly and indirectly held share positions following the transaction.