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

Role
President
Signature
/s/ Mark Starkey
Stock symbol
BOXL
Transactions as of
Dec 25, 2021
Transactions value $
-$8,225
Form type
4
Date filed
1/10/2022, 06:38 PM
Previous filing
Nov 22, 2021
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +12.5K +7.2% $0.00 186K Dec 25, 2021 Direct F2
transaction BOXL CLASS A COMMON STOCK Sale -$8.23K -5.88K -3.16% $1.40 180K Dec 25, 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 -12.5K -8.33% $0.00 138K Dec 25, 2021 COMMON STOCK 12.5K $0.00 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.