Elliott James Mark - 24 May 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Director
Signature
/s/ JAMES MARK ELLIOTT
Issuer symbol
BOXL
Transactions as of
24 May 2021
Net transactions value
-$134,000
Form type
4
Filing time
31 Aug 2021, 20:13:00 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 +24,476 +12% $0.000000 226,711 24 May 2021 Direct F1
transaction BOXL CLASS A COMMON STOCK Options Exercise $115,000 +100,000 +42% $1.15 336,711 26 Aug 2021 Direct F2
transaction BOXL CLASS A COMMON STOCK Sale $249,000 -100,000 -31% $2.49 226,711 26 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 -100,000 -17% $0.000000 481,841 26 Aug 2021 COMMON STOCK 100,000 $1.15 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 24,476 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 100,000 shares of BOXL Class A common stock, at a price of $1.15 per share, on August 26, 2021.
F3 The options vested monthly on a straight-line basis beginning in February 2020 until the option was fully vested in January 2021.