Henry Nance - Dec 31, 2022 Form 5 Insider Report for Boxlight Corp (BOXL)

Role: CHIEF OPERATING OFFICER
Signature: /s/ Henry Nance
Stock symbol: BOXL
Transactions as of: Dec 31, 2022
Transactions value $: -$756
Form type: 5
Date filed: 2/13/2023, 03:11 PM
Previous filing: Sep 20, 2022
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$756	-1.88K	-0.85%	$0.40	219K	Nov 24, 2022	Direct	F1, F2

* 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	Consists of (i) 137,597 shares of Class A common stock and (ii) 81,250 RSUs which remain subject to certain vesting conditions.

Content

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.

Consists of (i) 137,597 shares of Class A common stock and (ii) 81,250 RSUs which remain subject to certain vesting conditions.