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

Role
President
Signature
/s/ Mark Starkey
Issuer symbol
BOXL
Transactions as of
24 May 2022
Net transactions value
-$12,356
Form type
4
Filing time
11 Oct 2022, 06:03:34 UTC
Previous filing
05 Apr 2022
Next filing
07 Feb 2023
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 $2,459 -3,016 -1.1% $0.8152 283,734 24 May 2022 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Award $0 +12,500 +4.4% $0.000000 296,234 25 Jun 2022 Direct F3, F4
transaction BOXL CLASS A COMMON STOCK Sale $4,387 -6,032 -2% $0.7273 290,202 25 Jun 2022 Direct F1, F5
transaction BOXL CLASS A COMMON STOCK Sale $1,921 -3,016 -1% $0.6370 287,186 24 Aug 2022 Direct F3, F7
transaction BOXL CLASS A COMMON STOCK Award $0 +12,500 +4.4% $0.000000 299,686 25 Sep 2022 Direct F1, F8
transaction BOXL CLASS A COMMON STOCK Sale $3,589 -6,032 -2% $0.5950 293,654 25 Sep 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 -12,500 -10% $0.000000 112,500 25 Jun 2022 CLASS A COMMON STOCK 12,500 $0.000000 Direct F3, F6
transaction BOXL Restricted Stock Units Other $0 -12,500 -11% $0.000000 100,000 25 Sep 2022 CLASS A COMMON STOCK 12,500 $0.000000 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.