Marklew Shaun - Jan 12, 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: Chief Technology Officer
Signature: /s/ SHAUN MARKLEW
Stock symbol: BOXL
Transactions as of: Jan 12, 2022
Transactions value $: -$6,985
Form type: 4
Date filed: 1/28/2022, 12:04 PM
Previous filing: Jan 28, 2022
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	Sale	-$6.99K	-5.88K	-3.33%	$1.19	171K	Jan 12, 2022	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 Restricted Stock Units ("RSU"). This sale is mandated by the Issuer under its equity incentive plan which requires 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. Each RSU represents the right to receive one share of BOXL Class A Common Stock upon vesting.
F2	Consists of 33,125 shares of BOXL Class A common stock and 137,500 RSUs that remain subject to vesting.

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 Restricted Stock Units ("RSU"). This sale is mandated by the Issuer under its equity incentive plan which requires 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. Each RSU represents the right to receive one share of BOXL Class A Common Stock upon vesting.

Consists of 33,125 shares of BOXL Class A common stock and 137,500 RSUs that remain subject to vesting.