Pope Michael Ross - 15 Aug 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Pope Michael Ross
Issuer symbol
BOXL
Transactions as of
15 Aug 2023
Net transactions value
-$8,620
Form type
4
Filing time
04 Dec 2023, 20:31:19 UTC
Previous filing
06 Dec 2023
Next filing
18 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $377 -171 -0.12% $2.20 138,976 15 Aug 2023 Direct F1, F2, F5
transaction BOXL CLASS A COMMON STOCK Award $0 +153,507 +110% $0.000000 292,483 25 Aug 2023 Direct F3, F5, F6
transaction BOXL CLASS A COMMON STOCK Sale $515 -240 -0.08% $2.15 292,243 18 Sep 2023 Direct F1, F4, F5
transaction BOXL CLASS A COMMON STOCK Sale $2,353 -1,283 -0.44% $1.83 290,960 27 Sep 2023 Direct F1, F5, F7
transaction BOXL CLASS A COMMON STOCK Sale $316 -171 -0.06% $1.85 290,789 17 Oct 2023 Direct F1, F5, F8
transaction BOXL CLASS A COMMON STOCK Sale $3,086 -1,705 -0.59% $1.81 289,084 27 Oct 2023 Direct F1, F5, F9
transaction BOXL CLASS A COMMON STOCK Sale $193 -182 -0.06% $1.06 288,902 22 Nov 2023 Direct F1, F5, F10
transaction BOXL CLASS A COMMON STOCK Sale $1,779 -1,632 -0.56% $1.09 287,270 28 Nov 2023 Direct F1, F5, F11
* 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 are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Of the reported shares, 10,226 shares are represented by RSUs which remain subject to vesting.
F3 Of the reported shares, 163,733 shares are represented by RSUs which remain subject to vesting.
F4 Of the reported shares, 163,165 shares are represented by RSUs which remain subject to vesting.
F5 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 numbers of shares after the Reverse Split.
F6 On August 25, 2023, the Reporting Person was granted 153,507 Restricted Stock Units ("RSUs"). The 153,507 RSUs will vest monthly over three years starting on September 25, 2023, to August 25, 2026. Each RSU represents the right to receive one share of BOXL Class A common stock upon vesting.
F7 Of the reported shares, 158,901 shares are represented by RSUs which remain subject to vesting.
F8 Of the reported shares, 158,333 shares are represented by RSUs which remain subject to vesting.
F9 Of the reported shares, 154,069 shares are represented by RSUs which remain subject to vesting.
F10 Of the reported shares, 153,501 shares are represented by RSUs which remain subject to vesting.
F11 Of the reported shares, 149,237 shares are represented by RSUs which remain subject to vesting.