Starkey Mark - 25 Dec 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: President
Signature: /s/ Mark Starkey
Issuer symbol: BOXL
Transactions as of: 25 Dec 2021
Net transactions value: -$8,225
Form type: 4
Filing time: 10 Jan 2022, 18:38:00 UTC
Previous filing: 22 Nov 2021
Next filing: 05 Apr 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Award	$0	+12,500	+7.2%	$0.000000	186,000	25 Dec 2021	Direct	F2
transaction	BOXL	CLASS A COMMON STOCK	Sale	$8,225	-5,875	-3.2%	$1.40	180,125	25 Dec 2021	Direct	F1, F2

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	BOXL	RESTRICTED STOCK UNITS	Other	$0	-12,500	-8.3%	$0.000000	137,500	25 Dec 2021	COMMON STOCK	12,500	$0.000000	Direct	F3, F4

* 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 restricted stock units ("RSUs"). This sale is mandated by the Issuer's election under its equity incentive plan to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2	Of the reported shares, 137,500 shares are represented by RSUs which remain subject to quarterly vesting.
F3	Conversion of RSUs into shares of BOXL Class A Common Stock.
F4	The RSUs vest in substantially equal installments quarterly over the course of four (4) years, commencing on December 25, 2020.