Patrick Foley - 24 Feb 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Patrick Foley
Issuer symbol
BOXL
Transactions as of
24 Feb 2022
Net transactions value
-$7,031
Form type
4
Filing time
08 Apr 2022, 16:07:02 UTC
Previous filing
10 Jan 2022
Next filing
08 Aug 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +100,000 +59% $0.000000 270,625 24 Feb 2022 Direct F1
transaction BOXL CLASS A COMMON STOCK Sale $7,031 -5,875 -2.2% $1.20 264,750 31 Mar 2022 Direct F2, F3
* 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 100,000 restricted stock units ("RSUs") on February 24, 2022, with such RSUs vesting quarterly in equal installments over four (4) years, with the initial vesting occurring on May 24, 2022. Each RSU represents the right to receive one share of BOXL Class A Common Stock.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. 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.
F3 Consists of 225,000 RSUs that remain subject to vesting and 39,750 shares of BOXL Class A Common Stock.