Galiano Paolo Tiramani - 09 Oct 2023 Form 3 Insider Report for Boxabl Inc. (BOX)

Signature
/s/ Sandy Godsey, Attorney-in-fact
Issuer symbol
BOX
Transactions as of
09 Oct 2023
Net transactions value
$0
Form type
3
Filing time
10 Oct 2023, 16:05:34 UTC
Next filing
14 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BOX Common Stock, par Value $0.00001 375,955,800 09 Oct 2023 Direct
holding BOX Common Stock, par Value $0.00001 397,800,000 09 Oct 2023 By the Galiano Tiramani 2020 Family Gift Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BOX Series A Preferred Stock 09 Oct 2023 Common Stock, par value $0.00001 $4,869,776 By Spouse F2
holding BOX Non-Qualified Stock Options 09 Oct 2023 Common Stock, par value $0.00001 $5,633,800 $0.0710 By Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Galiano Tiramani 2020 Family Gift Trust is held for the benefit of Mr. Tiramani's family. Mr. Tiramani is not the trustee of the trust nor is the trust held for his benefit. Paolo Tiramani, who is Galiano Tiramani's father and serves and CEO and Director of Boxabl Inc., serves as trustee.
F2 Each share of Series A Preferred Stock automatically converts into shares of the Company's Common Stock on a one-for-one basis upon the closing of the sale of the Company's Common Stock to the public in a firm-commitment underwritten public offering that meets certain criteria or an offering of the Company's Common Stock in reliance on Regulation A of the Securities Act of 1933, as amended.