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

Role: Officer
Signature: /s/ Patrick Foley
Stock symbol: BOXL
Transactions as of: May 24, 2022
Transactions value $: -$6,816
Form type: 4
Date filed: 8/8/2022, 07:26 PM
Previous filing: Apr 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$2.47K	-3.02K	-1.14%	$0.82	262K	May 24, 2022	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$4.34K	-6.03K	-2.3%	$0.72	256K	Jun 25, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Patrick Foley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 BOXL Class A common stock. The sales are routine, non-discretionary transactions mandated by the Issuer under the terms of 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 206,250 RSUs that remain subject to vesting and 49,452 shares of BOXL Class A Common Stock.

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 BOXL Class A common stock. The sales are routine, non-discretionary transactions mandated by the Issuer under the terms of 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.

Consists of 206,250 RSUs that remain subject to vesting and 49,452 shares of BOXL Class A Common Stock.

Remarks:

The Reporting Person resigned from his position as Chief Financial Officer, effective July 5, 2022, and is now serving in an advisory role with Boxlight Corporation ("BOXL"). This Form 4 is being filed as a voluntary exit Form 4 indicating that no further reporting will be required of the Reporting Person.