Jared Yaman - 05 Jul 2022 Form 4 Insider Report for Boxed, Inc.

Role
Chief Operating Officer, Director
Signature
/s/ Keri Fessler, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
05 Jul 2022
Net transactions value
$0
Form type
4
Filing time
05 Jul 2022, 16:07:48 UTC
Previous filing
10 Dec 2021
Next filing
26 Jan 2023
SEC
View on sec.gov

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 BOXDQ Restricted stock units Award $0 +240,000 $0.000000 240,000 05 Jul 2022 Common Stock 240,000 Direct F1
transaction BOXDQ Performance-based restricted stock units Award $0 +255,000 $0.000000 255,000 05 Jul 2022 Common Stock 255,000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an award of restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's common stock. These RSUs vest in three equal annual installments beginning on December 9, 2022.
F2 Consists of performance-based restricted stock units ("PSUs"). Each PSU represents a contingent right to receive one share of the Issuer's common stock.
F3 The PSU awards will vest, if at all, based on continued service and the Issuer's stock price performance exceeding certain hurdles, over the three fiscal-year period ending on December 31, 2024. Any portion of the award that has not been earned by December 31, 2024 will be forfeited immediately thereafter.