Henry Nance - Mar 2, 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Operating Officer
Signature
/s/ Henry Nance
Stock symbol
BOXL
Transactions as of
Mar 2, 2023
Transactions value $
-$1,129
Form type
4
Date filed
3/6/2023, 05:04 PM
Previous filing
Feb 14, 2023
Next filing
May 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$1.13K -2.21K -1.01% $0.51 217K Mar 2, 2023 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 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) 141,634 shares of Class A common stock and (ii) 75,000 RSUs which remain subject to certain vesting conditions.