Starkey Mark - Dec 31, 2022 Form 5 Insider Report for Boxlight Corp (BOXL)

Role
President
Signature
/s/ Mark Starkey
Stock symbol
BOXL
Transactions as of
Dec 31, 2022
Transactions value $
-$3,153
Form type
5
Date filed
2/7/2023, 03:11 PM
Previous filing
Oct 11, 2022
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$1.19K -2.94K -1% $0.40 291K Nov 24, 2022 Direct F1, F3
transaction BOXL CLASS A COMMON STOCK Award $0 +12.5K +4.3% $0.00 303K Dec 25, 2022 Direct F2, F4
transaction BOXL CLASS A COMMON STOCK Sale -$1.97K -5.88K -1.94% $0.33 297K Dec 25, 2022 Direct F1, F5

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 Restricted Stock Units Other $0 -12.5K -12.5% $0.00 87.5K Dec 25, 2022 CLASS A COMMON STOCK 12.5K $0.00 Direct F2, F6
* 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 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 Conversion of restricted stock units ("RSUs") into shares of BOXL Class A Common Stock.
F3 Consists of (i) 209,466 shares of Class A common stock and (ii) 81,250 RSUs which remain subject to certain vesting conditions.
F4 Consists of (i) 221,966 shares of Class A common stock and (ii) 81,250 RSUs which remain subject to certain vesting conditions.
F5 Consists of (i) 216,091 shares of Class A common stock and (ii) 81,250 RSUs which remain subject to certain vesting conditions.
F6 The RSUs Vest in substantially equal installments quarterly over the course of four years, commencing on December 25, 2020.