Strang Dale - 24 May 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: Director
Signature: /s/ Dale Strang
Issuer symbol: BOXL
Transactions as of: 24 May 2021
Net transactions value: -$36,650
Form type: 4
Filing time: 31 Aug 2021, 12:29:01 UTC
Next filing: 28 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Award	$0	+23,063		$0.000000	23,063	24 May 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Options Exercise	$14,000	+20,000	+87%	$0.7000	43,063	19 Aug 2021	Direct	F2
transaction	BOXL	CLASS A COMMON STOCK	Sale	$40,500	-20,000	-46%	$2.02	23,063	19 Aug 2021	Direct
transaction	BOXL	CLASS A COMMON STOCK	Sale	$10,150	-5,000	-22%	$2.03	18,063	19 Aug 2021	Direct

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	STOCK OPTION	Exercise of in-the-money or at-the-money derivative security	$0	-20,000	-7.1%	$0.000000	261,250	19 Aug 2021	COMMON STOCK	20,000	$0.7000	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received an award of 23,063 restricted stock units on February 24, 2021, vesting in four substantially equal installments over the course of 12 months, with the initial vesting occurring on May 24, 2021. Each restricted stock unit represents the right to receive one share of BOXL Class A common stock upon vesting.
F2	The reporting person exercised an option to purchase 20,000 shares of BOXL Class A common stock, at a price of $0.70 per share, on August 18, 2021.
F3	The reporting person received an option to purchase 200,000 shares of BOXL Class A common stock on April 15, 2020 vesting in equal monthly installments over 48 months.