Pope Michael Ross - 01 Jan 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Michael Pope
Issuer symbol
BOXL
Transactions as of
01 Jan 2023
Net transactions value
$0
Form type
4
Filing time
05 Jan 2023, 17:30:49 UTC
Previous filing
06 Dec 2022
Next filing
23 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +578,778 +54% $0.000000 1,647,578 01 Jan 2023 Direct F1, F2

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 STOCK OPTIONS Award $0 +2,041,098 +187% $0.000000 3,135,167 01 Jan 2023 Class A Common Stock 2,041,098 $0.3100 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received an award of 578,778 restricted stock units ("RSUs") on January 1, 2023, which RSUs vest in substantially equal installments over thirty-six months, with acceleration of vesting to occur upon a change in ownership of the Corporation or a sale of a substantial portion of BOXL's assets. Each RSU represents the right to receive one share of BOXL Class A common stock upon vesting.
F2 Of the reported shares, 696,960 shares are represented by RSUs which remain subject to vesting.
F3 The Reporting Person received an award of non-qualified stock options (the "Options") to purchase 2,041,098 shares of common stock on January 1, 2023, which Options vest in substantially equal installments over a period of thirty-six months, with acceleration of vesting upon a change of ownership of the Corporation or a sale of a substantial portion of BOXL's assets. The options expire on January 1, 2028.
F4 Consists of options to purchase a total of 3,135,167 shares of BOXL Class A common stock.