Henry Nance - 28 Nov 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Nance Henry
Issuer symbol
BOXL
Transactions as of
28 Nov 2023
Net transactions value
-$609
Form type
4
Filing time
04 Dec 2023, 20:30:48 UTC
Previous filing
05 Oct 2023
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $248 -235 -0.53% $1.06 43,933 28 Nov 2023 Direct F1, F2
transaction BOXL CLASS A COMMON STOCK Sale $361 -331 -0.75% $1.09 43,602 28 Nov 2023 Direct F1, F3
* 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 are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of (i) 19,299 shares of Class A common stock and (ii) 24,634 RSUs which remain subject to certain vesting conditions.
F3 Consists of (i) 20,068 shares of Class A common stock and (ii) 23,534 RSUs which remain subject to certain vesting conditions.