This is the pictograph of a pipe combined with pictographs of a large and a small pack. The pipe could be used to siphon liquids from one container to another. Hence, this is an ideograph for the
transfer of goods from a large container to a smaller container. Thus, it is the verb to parcel out, or to distribute.
Illustrative Text Reference:
Mohenjo-daro: Seal: M-777 a: Sayid Ghulam Mustafa Shah and Asko Parpola, 1991: Corpus of Indus Seals and Inscriptions: Volume 2: Page 64: Collections in Pakistan: Suomalainen Tiedeakatemia.
There is only one extant example of this Indus sign.