Pope Michael Ross - Nov 14, 2022 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Executive Officer, Director
Signature
/s/ Michael Pope
Stock symbol
BOXL
Transactions as of
Nov 14, 2022
Transactions value $
-$876
Form type
4
Date filed
12/16/2022, 05:33 AM
Previous filing
Sep 2, 2022
Next filing
Dec 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$438 -1.37K -0.13% $0.32 1.07M Nov 14, 2022 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Sale -$438 -1.37K -0.13% $0.32 1.07M Dec 14, 2022 Direct F1, F3
* 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 4,546 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 947,441 shares of BOXL Class A common stock and 122,727 RSUs, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.
F3 Consists of 950,619 shares of BOXL Class A common stock and 118,181 RSUs, with each RSU representing the right to receive one share of BOXL Class A common stock upon vesting, which RSUs remain subject to certain vesting conditions.