Pope Michael Ross - Feb 14, 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Executive Officer, Director
Signature
/s/ Michael Pope
Stock symbol
BOXL
Transactions as of
Feb 14, 2022
Transactions value $
$0
Form type
4
Date filed
2/24/2022, 04:46 PM
Previous filing
Jun 10, 2022
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +164K +18.43% $0.00 1.05M Feb 14, 2022 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 STOCK OPTIONS Award $0 +494K +70.58% $0.00 1.19M Feb 14, 2022 Class A Common Stock 494K $1.10 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received an award of 163,637 restricted stock units ("RSUs") on February 14, 2022, which RSUs vest in substantially equal installments over thirty-six (36) months, with acceleration of vesting to occur upon a change in ownership of the Corporation or sale of a substantial portion of BOXL's assets. Each RSU represents the right to receive one share of BOXL Class A common stock upon vesting.
F2 Of the reported shares, 382,448 shares are represented by RSUs which remain subject to vesting.
F3 The Reporting Person received an award of a non-qualified stock option ("Option") to purchase 494,069 shares of BOXL Class A common stock on February 14, 2022, which Option will vest in substantially equal installments over thirty-six (36) months, with acceleration of vesting to occur upon a change in ownership of the Corporation or sale of a substantial portion of BOXL's assets. The Option expires on February 14, 2027.
F4 Consists of options to purchase 1,194,069 shares of BOXL Class A common stock.