Shyam K. Reddy - Dec 31, 2022 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role
CHIEF LEGAL AND SUST. OFFICER
Signature
/s/ Shyam K. Reddy
Stock symbol
BXC
Transactions as of
Dec 31, 2022
Transactions value $
-$708,042
Form type
4
Date filed
1/4/2023, 04:00 PM
Previous filing
Jul 18, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXC Common Stock Options Exercise +21.8K +106.84% 42.2K Dec 31, 2022 Direct F1, F2
transaction BXC Common Stock Tax liability -$708K -9.96K -23.57% $71.11 32.3K Dec 31, 2022 Direct F3

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 BXC Restricted Stock Units Options Exercise $0 -21.8K -100% $0.00* 0 Dec 31, 2022 Common Stock 21.8K Direct F1, F2
transaction BXC Restricted Stock Units Award $0 -4.75K -50% $0.00 4.75K Jan 2, 2023 Common Stock 4.75K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of restricted stock units that vested on December 31, 2022, pursuant to that certain Transition Agreement, dated September 29, 2022, between BlueLinx Holdings Inc (the "Company") and the Reporting Person. Vested shares will be delivered to the Reporting Person not later than 30 days after the vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F3 These shares were withheld to cover tax withholding obligations when 21,821 time-based restricted stock units vested on December 31, 2022.
F4 Represents restricted stock units granted to the Reporting Person pursuant to that certain Amended Transition Agreement, dated December 23, 2022, between the Company and the Reporting Person. These are time-based restricted stock units that vest in two installments, with the first installment of 2,372 restricted stock units vesting on March 31, 2023 and the second installment of 2,373 restricted stock units vesting on June 30, 2023. Vested shares will be delivered to the Reporting Person not later than 30 days after the vesting date.