Patrick Foley - 24 May 2021 Form 4 Insider Report for Boxlight Corp (BOXL)

Role: Chief Financial Officer
Signature: /s/ Patrick Foley
Issuer symbol: BOXL
Transactions as of: 24 May 2021
Net transactions value: -$51,759
Form type: 4
Filing time: 22 Nov 2021, 18:52:29 UTC
Previous filing: 08 Oct 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	Sale	$26,085	-11,750	-5.9%	$2.22	188,250	24 May 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	$12,690	-5,875	-3.1%	$2.16	182,375	28 Jul 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	$12,984	-5,875	-3.2%	$2.21	176,500	14 Oct 2021	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 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	Of the reported shares, 150,000 shares are represented by RSUs which remain subject to quarterly vesting.

Content

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.

Of the reported shares, 150,000 shares are represented by RSUs which remain subject to quarterly vesting.