GARY S. MATTHEWS - 21 Jan 2022 Form 4 Insider Report for Boxed, Inc.

Role
Director, 10%+ Owner
Signature
/s/ Gary S. Matthews
Issuer symbol
N/A
Transactions as of
21 Jan 2022
Net transactions value
$0
Form type
4
Filing time
25 Jan 2022, 16:17:32 UTC
Previous filing
10 Dec 2021
Next filing
19 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXDQ Common stock Other +1,396,321 +6982% 1,416,321 21 Jan 2022 Direct F1
transaction BOXDQ Common stock Other -5,120,300 -98% 82,000 21 Jan 2022 By Seven Oaks Sponsor LLC F2, F3

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 Private Placement Warrants Other -5,587,500 -100% 0 21 Jan 2022 Common stock 5,587,500 $11.50 By Seven Oaks Sponsor LLC F1, F3, F4
transaction BOXDQ Private Placement Warrants Other +330,000 330,000 21 Jan 2022 Common stock 330,000 $11.50 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Seven Oaks Sponsor LLC distributed these securities to its members on a pro rata basis, for no consideration.
F2 Pro rata distribution from Seven Oaks Sponsor LLC, of which the Reporting Person has voting and investment control.
F3 Gary S. Matthews is a manager of Seven Oaks Sponsor LLC and shares voting and investment discretion with respect to the securities held of record by Seven Oaks Sponsor LLC. Mr. Matthews disclaims any beneficial ownership of the securities held by Seven Oaks Sponsor LLC, except to the extent of his pecuniary interest therein.
F4 The Private Placement Warrants were purchased by Seven Oaks Sponsor LLC concurrently with the closing of the initial public offering of Seven Oaks Acquisition Corp., predecessor to the Registrant. Each Private Placement Warrant is exercisable for one share of common stock of the Registrant at an exercise price of $11.50 per share of common stock, subject to certain adjustments. The Private Placement Warrants expire on December 8, 2026 or earlier upon redemption or liquidation.

Remarks:

See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer.