Henry Nance - 27 Feb 2024 Form 4 Insider Report for Boxlight Corp (BOXL)

Signature
/s/ Nance Henry
Issuer symbol
BOXL
Transactions as of
27 Feb 2024
Net transactions value
-$522
Form type
4
Filing time
28 Feb 2024, 21:30:37 UTC
Previous filing
04 Dec 2023
Next filing
11 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale $522 -661 -1.5% $0.7900 42,941 27 Feb 2024 Direct F1, F2
* 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) 21,288 shares of Class A common stock and (ii) 21,653 RSUs which remain subject to certain vesting conditions.