Marklew Shaun - Sep 24, 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Technology Officer
Signature
/s/ Shaun Marklew
Stock symbol
BOXL
Transactions as of
Sep 24, 2022
Transactions value $
-$3,589
Form type
4
Date filed
10/11/2022, 06:05 AM
Previous filing
Sep 21, 2022
Next filing
Feb 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$3.59K -6.03K -2.72% $0.60 216K Sep 25, 2022 Direct F1, F2
* 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 6,250 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 (i) 15,982 shares of Class A common stock and (ii) 200,000 RSUs which remain subject to certain vesting conditions.