Mark Starkey - 25 Sep 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: PRESIDENT
Signature: /s/ Mark Starkey
Issuer symbol: BOXL
Transactions as of: 25 Sep 2021
Net transactions value: +$59,670
Form type: 4
Filing time: 22 Nov 2021, 11:44:51 UTC
Previous filing: 24 Aug 2021
Next filing: 10 Jan 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	Conversion of derivative security	$0	+12,500	+8.9%	$0.000000	152,375	25 Sep 2021	Direct	F3
transaction	BOXL	CLASS A COMMON STOCK	Sale	$12,690	+5,875	+4.2%	$2.16	146,500	14 Oct 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Purchase	$46,980	+27,000	+18%	$1.74	173,500	19 Nov 2021	Direct	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	-12,500	-7.7%	$0.000000	150,000	25 Sep 2021	COMMON STOCK	12,500	$0.000000	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"). This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2	The shares were purchased on the open market at an average price of $1.74 per share.
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 (4) years, commencing on December 25, 2020.