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

Role
President
Signature
/s/ Mark Starkey
Issuer symbol
BOXL
Transactions as of
31 Dec 2022
Net transactions value
-$3,153
Form type
5
Filing time
07 Feb 2023, 15:11:09 UTC
Previous filing
11 Oct 2022
Next filing
15 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $1,188 -2,938 -1% $0.4042 290,716 24 Nov 2022 Direct F1, F3
transaction BOXL CLASS A COMMON STOCK Award $0 +12,500 +4.3% $0.000000 303,216 25 Dec 2022 Direct F2, F4
transaction BOXL CLASS A COMMON STOCK Sale $1,966 -5,875 -1.9% $0.3346 297,341 25 Dec 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 -12,500 -12% $0.000000 87,500 25 Dec 2022 CLASS A COMMON STOCK 12,500 $0.000000 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.