Martin Noe Costas - Oct 9, 2023 Form 3/A - Amendment Insider Report for Boxabl Inc. (BOX)

Role
Chief Financial Officer
Signature
/s/ Martin Noe Costas
Stock symbol
BOX
Transactions as of
Oct 9, 2023
Transactions value $
$0
Form type
3/A - Amendment
Date filed
10/13/2023, 03:11 PM
Date Of Original Report
Oct 10, 2023

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 Restricted Stock Units Oct 9, 2023 Common Stock, par value $0.00001 $7.14M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs) were granted October 2, 2023, and become subject to monetization once fully vested and upon the occurrence of a "Qualifying Transaction," defined as the first to occur of (i) a time at which the Company tenders for and successfully acquires the RSUs, (ii) the date of the closing of a transaction (or series of transactions) that results in a "change of control" of the Company; or (iii) the first trading day that is on or after the expiration of the "lock up" period after the effective date of the initial underwritten sale of the Company's equity securities to the public on an established securities market.
F2 If Mr. Costas' employment terminates for any reason prior to a Qualifying Transaction, such termination will result in the immediate cancellation and lapse of the RSUs. In the event of termination for cause after a Qualifying Transaction but prior to payment, he will not be entitled to payment.
F3 The RSUs will be settled in shares of the Company's Common Stock and a cash payment made in a single sum within fifteen business days after the closing of a Qualifying Transaction.