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

Role: Chief Technology Officer
Signature: /s/ Shaun Marklew
Issuer symbol: BOXL
Transactions as of: 24 Sep 2022
Net transactions value: -$3,589
Form type: 4
Filing time: 11 Oct 2022, 06:05:53 UTC
Previous filing: 21 Sep 2022
Next filing: 10 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	$3,589	-6,032	-2.7%	$0.5950	215,952	25 Sep 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.

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 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.

Consists of (i) 15,982 shares of Class A common stock and (ii) 200,000 RSUs which remain subject to certain vesting conditions.