Starkey Mark - May 24, 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
President
Signature
/s/ Mark Starkey
Stock symbol
BOXL
Transactions as of
May 24, 2022
Transactions value $
-$12,356
Form type
4
Date filed
10/11/2022, 06:03 AM
Previous filing
Apr 5, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$2.46K -3.02K -1.05% $0.82 284K May 24, 2022 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Award $0 +12.5K +4.41% $0.00 296K Jun 25, 2022 Direct F3, F4
transaction BOXL CLASS A COMMON STOCK Sale -$4.39K -6.03K -2.04% $0.73 290K Jun 25, 2022 Direct F1, F5
transaction BOXL CLASS A COMMON STOCK Sale -$1.92K -3.02K -1.04% $0.64 287K Aug 24, 2022 Direct F3, F7
transaction BOXL CLASS A COMMON STOCK Award $0 +12.5K +4.35% $0.00 300K Sep 25, 2022 Direct F1, F8
transaction BOXL CLASS A COMMON STOCK Sale -$3.59K -6.03K -2.01% $0.60 294K Sep 25, 2022 Direct F3, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOXL Restricted Stock Units Other $0 -12.5K -10% $0.00 113K Jun 25, 2022 CLASS A COMMON STOCK 12.5K $0.00 Direct F3, F6
transaction BOXL Restricted Stock Units Other $0 -12.5K -11.11% $0.00 100K Sep 25, 2022 CLASS A COMMON STOCK 12.5K $0.00 Direct F3, F6
* 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 restricted stock units ("RSUs") held by the Reporting Person. Upon vesting of the RSUs, the sales are automatic, routine, non-discretionary transactions 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 exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of (1) 77,474 shares of Class A common stock and (ii) 206,260 RSUs which remain subject to vesting.
F3 Conversion of restricted stock units ("RSUs") into shares of BOXL Class A Common Stock.
F4 Consists of (1) 89,974 shares of Class A common Stock and (ii) 206,260 RSUs which remain subject to vesting.
F5 Consists of (i) 83,942 shares of Class A common stock and (ii) 206,260 RSUs which remain subject to certain vesting conditions.
F6 The RSUs Vest in substantially equal installments quarterly over the course of four years, commencing on December 25, 2020.
F7 Consists of (i) 80,926 shares of Class A common stock and (ii) 206,260 RSUs which remain subject to certain vesting conditions.
F8 Consists of (i) 93,426 shares of Class A common stock and (ii) 206,260 RSUs which remain subject to certain vesting conditions.
F9 Consists of (i) 87,394 shares of Class A common stock and (ii) 206,260 RSUs which remain subject to certain vesting conditions.