Gary S. Matthews - Dec 31, 2022 Form 4 Insider Report for Boxed, Inc. (BOXDQ)

Role: Director
Signature: /s/ Gadiel Ross, Attorney-in-Fact
Stock symbol: BOXDQ
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/5/2023, 08:33 PM
Previous filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXDQ	Common Stock	Award	$0	+125K	+8.7%	$0.00	1.56M	Dec 31, 2022	Direct	F1
holding	BOXDQ	Common Stock						82K	Dec 31, 2022	By Seven Oaks Sponsor LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 31, 2022, the reporting person was granted restricted stock units ("RSUs") which also fully vested on the date of grant. As such, on December 31, 2022, these RSUs converted into common stock on a one-for-one basis. The RSUs were granted to the reporting person in lieu of quarterly cash retainers, at the election of the reporting person, under the Issuer's Non-Employee Director Compensation Policy.
F2	Gary S. Matthews is a manager of Seven Oaks Sponsor LLC and shares voting and investment discretion with respect to the securities held of record by Seven Oaks Sponsor LLC. Mr. Matthews disclaims any beneficial ownership of the securities held by Seven Oaks Sponsor LLC, except to the extent of his pecuniary interest therein.

Content

On December 31, 2022, the reporting person was granted restricted stock units ("RSUs") which also fully vested on the date of grant. As such, on December 31, 2022, these RSUs converted into common stock on a one-for-one basis. The RSUs were granted to the reporting person in lieu of quarterly cash retainers, at the election of the reporting person, under the Issuer's Non-Employee Director Compensation Policy.

Gary S. Matthews is a manager of Seven Oaks Sponsor LLC and shares voting and investment discretion with respect to the securities held of record by Seven Oaks Sponsor LLC. Mr. Matthews disclaims any beneficial ownership of the securities held by Seven Oaks Sponsor LLC, except to the extent of his pecuniary interest therein.