Pope Michael Ross - Dec 25, 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: Chief Executive Officer, Director
Signature: /s/ Michael R. Pope
Stock symbol: BOXL
Transactions as of: Dec 25, 2021
Transactions value $: -$687,350
Form type: 4
Date filed: 1/10/2022, 06:33 PM
Previous filing: Nov 22, 2021
Next filing: Dec 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$687K	-491K	-35.61%	$1.40	888K	Dec 25, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 656,434 restricted Class A common stock. This sale is mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by a "sell to cover" transaction. This transaction is exempt under Section 16b-3 and does not represent a discretionary trade by the Reporting Person.
F2	The reported transaction includes 218,811 shares of Class A common stock issued under the Long-Term Compensation component of the Reporting Person's employment agreement which remain subject to vesting. The total in Column 5 includes the remaining 218,811 shares of Class A common stock subject to vesting and 669,065 shares of Class A Common Stock.

Content

Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of 656,434 restricted Class A common stock. This sale is mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by a "sell to cover" transaction. This transaction is exempt under Section 16b-3 and does not represent a discretionary trade by the Reporting Person.

The reported transaction includes 218,811 shares of Class A common stock issued under the Long-Term Compensation component of the Reporting Person's employment agreement which remain subject to vesting. The total in Column 5 includes the remaining 218,811 shares of Class A common stock subject to vesting and 669,065 shares of Class A Common Stock.