GARY S. MATTHEWS - 08 Dec 2021 Form 4 Insider Report for Boxed, Inc. (BOXDQ)

Role
Chairman of the Board
Signature
/s/ Gary S. Matthews
Issuer symbol
BOXDQ
Transactions as of
08 Dec 2021
Transactions value $
$200,000
Form type
4
Filing time
10 Dec 2021, 15:28:50 UTC
Next filing
25 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXDQ Common stock Purchase $200K +20K $10.00 20K 08 Dec 2021 Direct
transaction BOXDQ Common Stock Sale -102K -1.92% 5.2M 08 Dec 2021 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the convertible note subscription agreement, dated December 8, 2021, by and between the Issuer and XYQ US, LLC, Seven Oaks Sponsor LLC transferred 102,075 shares of Class B common stock of the Issuer to XYQ US, LLC, which automatically converted into 102,075 shares of common stock of the Issuer.
F2 By Seven Oaks Sponsor LLC. Gary S. Matthews is a manager of Seven Oaks Sponsor LLC and shares voting and investment discretion with respect to the securities held of record by Seven Oaks Sponsor LLC. Mr. Matthews disclaims any beneficial ownership of the securities held by Seven Oaks Sponsor LLC, except to the extent of his pecuniary interest therein.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.