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

Role: Chief Financial Officer
Signature: /s/ Patrick Foley
Stock symbol: BOXL
Transactions as of: May 24, 2021
Transactions value $: -$51,759
Form type: 4
Date filed: 11/22/2021, 06:52 PM
Previous filing: Oct 8, 2021
Next filing: Jan 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$26.1K	-11.8K	-5.88%	$2.22	188K	May 24, 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$12.7K	-5.88K	-3.12%	$2.16	182K	Jul 28, 2021	Direct	F1
transaction	BOXL	CLASS A COMMON STOCK	Sale	-$13K	-5.88K	-3.22%	$2.21	177K	Oct 14, 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.