Darrell B. Williams - Dec 8, 2021 Form 4/A - restatement Insider Report for Boxed, Inc. (BOXDQ)

Role
CBDO
Signature
/s/ Keri Fessler, Attorney-in-Fact
Stock symbol
BOXDQ
Transactions as of
Dec 8, 2021
Transactions value $
$0
Form type
4/A - RESTATEMENT
Date filed
1/7/2022, 07:40 PM
Date Of Original Report
Dec 10, 2021

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 +Grant/Award +28,494 28,494 Dec 8, 2021 Common Stock 28,494 $0.30 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +37,992 37,992 Dec 8, 2021 Common Stock 37,992 $1.01 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +94,980 94,980 Dec 8, 2021 Common Stock 94,980 $1.01 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +70,677 70,677 Dec 8, 2021 Common Stock 70,677 $2.46 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +5,306 5,306 Dec 8, 2021 Common Stock 5,306 $2.46 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +15,335 15,335 Dec 8, 2021 Common Stock 15,335 $2.46 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +8,409 8,409 Dec 8, 2021 Common Stock 8,409 $2.46 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +2,374 2,374 Dec 8, 2021 Common Stock 2,374 $3.21 Direct F1, F2
transaction BOXDQ Stock Option +Grant/Award +132,972 132,972 Dec 8, 2021 Common Stock 132,972 $3.37 Direct F1, F3

Darrell B. Williams is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 share.
F2 The stock option is fully vested and currently exercisable.
F3 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.