Starkey Mark - Dec 25, 2023 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
President
Signature
/s/ Starkey Mark
Stock symbol
BOXL
Transactions as of
Dec 25, 2023
Transactions value $
-$805
Form type
4
Date filed
1/2/2024, 05:10 PM
Previous filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$805 -735 -1.29% $1.10 56.1K Dec 27, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOXL Restricted Stock Units Other $0 -1.56K -25.01% $0.00 4.69K Dec 25, 2023 CLASS A COMMON STOCK 1.56K $0.00 Direct F3, F4
* 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 Consists of (i) 32,560 shares of Class A common stock and (ii) 23,534 RSUs which remain subject to certain vesting conditions.
F3 Conversion of RSUs into shares of BOXL Class A Common Stock.
F4 The RSUs Vest in substantially equal installments quarterly over the course of four years, commencing on December 25, 2020.