Henry Nance - 24 May 2022 Form 4/A - Amendment Insider Report for Boxlight Corp (BOXL)

Role
Chief Operating Officer
Signature
/s/ Henry Nance
Issuer symbol
BOXL
Transactions as of
24 May 2022
Net transactions value
-$1,648
Form type
4/A - Amendment
Filing time
07 Jun 2022, 19:57:00 UTC
Date Of Original Report
02 Jun 2022
Previous filing
15 Mar 2022
Next filing
20 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $1,648 -1,937 -0.86% $0.8510 222,804 24 May 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 some 6,250 RSUs held by the Reporting Person. This sale is mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by a "sell to cover" transaction. This transaction is exempt under Section 16b-3 and does not represent a discretionary trade by the Reporting Person.
F2 Consists of (i) 129,054 shares of Class A common stock and (ii) 93,750 RSUs which remain subject to certain vesting conditions.

Remarks:

This Form 4 is being amended to correct an error in the Form 4 filed on June 2, 2022, which had improperly indicated that an additional issuance of RSUs had occurred. In fact, no additional issuance of RSUs had occurred and only a vesting of certain stock with a simultaneous sale into the market to cover the tax withholding obligations in relation to such vesting. As a result, this Form 4/A is being filed to correct the total number of shares held as well as report the "sell to cover" transaction.