Henry Nance - Aug 25, 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Henry Nance
Stock symbol
BOXL
Transactions as of
Aug 25, 2023
Transactions value $
-$543
Form type
4
Date filed
10/5/2023, 04:20 PM
Previous filing
May 31, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Award $0 +17.6K +65.68% $0.00 44.4K Aug 25, 2023 Direct F1, F2, F3
transaction BOXL CLASS A COMMON STOCK Sale -$543 -235 -0.53% $2.31 44.2K Aug 31, 2023 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 25, 2023, the Reporting Person was granted 17,602 RSUs. The 17,602 RSUs will vest quarterly over four years starting on November 25, 2023 and continuing until August 25, 2027.
F2 Consists of (i) 18,988 shares of Class A common stock and (ii) 25,415 RSUs which remain subject to certain vesting conditions.
F3 Effective on June 14, 2023, the Company conducted a reverse stock split at a ratio of 1-for-8 (the "Reverse Split"). The numbers of shares reported herein reflect the number of shares held after effectuating the Reverse Split.
F4 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.
F5 Consists of (i) 18,753 shares of Class A common stock and (ii) 25,415 RSUs which remain subject to certain vesting conditions.