Jared Yaman - Dec 8, 2021 Form 4/A - Amendment Insider Report for Boxed, Inc. (BOXDQ)

Signature
/s/ Keri Fessler, Attorney-in-Fact
Stock symbol
BOXDQ
Transactions as of
Dec 8, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/7/2022, 04:47 PM
Date Of Original Report
Dec 10, 2021
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXDQ Common Stock Award +1.6M 1.6M Dec 8, 2021 Direct 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
transaction BOXDQ Stock Option Award +178K 178K Dec 8, 2021 Common Stock 178K $3.37 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 8, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of June 13, 2021, by and among the Issuer, Blossom Merger Sub, Inc. ("Merger Sub"), Blossom Merger Sub II, LLC ("Merger Sub II") and Giddy Inc. ("Boxed"), upon the effective time of the transactions contemplated thereby, each outstanding option to purchase shares of Boxed common stock (each a "Boxed Option") was automatically cancelled and converted into an option to purchase a number of shares of common stock of the Issuer equal to (i) the number of shares of Boxed common stock subject to the applicable Boxed Option multiplied by (ii) approximately 0.9498, rounded down to the nearest whole (the "Exchange Ratio").
F2 This stock option vests in 48 monthly installments beginning on October 1, 2018.

Remarks:

On December 10, 2021 the Reporting Person filed a Form 4 (the "Original Form 4"), which inadvertently understated the number of shares of Common Stock underlying the Stock Options reported therein. This amendment is being filed to correct the amounts listed in Columns 5, 7 and 9 of Table II, and there have been no other changes to the information presented in the Original Form 4.