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

Role: Officer
Signature: /s/ Patrick Foley
Issuer symbol: BOXL
Transactions as of: 24 May 2022
Net transactions value: -$6,816
Form type: 4
Filing time: 08 Aug 2022, 19:26:30 UTC
Previous filing: 08 Apr 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	$2,473	-3,016	-1.1%	$0.8200	261,734	24 May 2022	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	$4,343	-6,032	-2.3%	$0.7200	255,702	25 Jun 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.