Marklew Shaun - May 25, 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Technology Officer
Signature
/s/ Shaun Marklew
Stock symbol
BOXL
Transactions as of
May 25, 2023
Transactions value $
-$784
Form type
4
Date filed
6/1/2023, 07:21 AM
Previous filing
May 18, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$784 -2.94K -1.96% $0.27 147K May 25, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1. 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 are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of (i) 3,312 shares of Class A common stock and (ii) 143,750 RSUs which remain subject to certain vesting conditions.