Shyam K. Reddy - 31 Mar 2023 Form 4 Insider Report for BlueLinx Holdings Inc. (BXC)

Role
President and CEO, Director
Signature
/s/ Shyam K. Reddy
Issuer symbol
BXC
Transactions as of
31 Mar 2023
Net transactions value
-$72,717
Form type
4
Filing time
04 Apr 2023, 16:43:34 UTC
Previous filing
04 Jan 2023
Next filing
09 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXC Common Stock Options Exercise +2,372 +7.3% 34,660 31 Mar 2023 Direct F1, F2
transaction BXC Common Stock Tax liability $72,717 -1,070 -3.1% $67.96 33,590 31 Mar 2023 Direct F3

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 BXC Restricted Stock Units Options Exercise $0 -2,372 -50% $0.000000 2,373 31 Mar 2023 Common Stock 2,372 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 conversion of restricted stock units that vested on March 31, 2023. These are time-based restricted stock units that were granted to the Reporting Person pursuant to that certain Amended Transition Agreement, dated December 23, 2022, between the Company and the Reporting Person. The units vest in two installments, with the first installment of 2,372 restricted stock units vesting on March 31, 2023, and the second installment of 2,373 restricted stock units vesting on June 30, 2023. Vested shares will be delivered to the Reporting Person not later than 30 days after the vesting date.
F2 Each restricted stock unit represents a contingent right to receive one share of BlueLinx Holdings Inc. common stock.
F3 These shares were withheld to cover tax withholding obligations when 2,372 time-based restricted stock units vested on March 31, 2023.