Pope Michael Ross - 20 Jan 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Michael Pope
Issuer symbol
BOXL
Transactions as of
20 Jan 2022
Net transactions value
-$37,141
Form type
4
Filing time
10 Jun 2022, 21:18:31 UTC
Previous filing
29 Dec 2021
Next filing
24 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $53,241 -49,297 -4.7% $1.08 1,002,216 14 May 2022 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Purchase $8,000 +10,000 +1% $0.8000 1,012,216 06 Jun 2022 Direct F3
transaction BOXL CLASS A COMMON STOCK Purchase $8,100 +10,000 +0.99% $0.8100 1,022,216 07 Jun 2022 Direct F4
* 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 from 01/20/2022 through 05/14/2022 in connection with the vesting of restricted BOXL Class A common stock. The sales are mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by "sell to cover" transactions. These transactions are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of 852,215 shares of BOXL Class A common stock and 150,001 restricted stock units ("RSUs"), with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.
F3 Consists of 862,215 shares of BOXL Class A common stock and 150,001 RSUs.
F4 Consists of 872,215 shares of BOXL Class A common stock and 150,001 RSUs.