Eileen Serra - Sep 15, 2022 Form 4 Insider Report for Boxed, Inc. (BOXDQ)

Role
Director
Signature
/s/ Keri Fessler, Attorney-in-Fact
Stock symbol
BOXDQ
Transactions as of
Sep 15, 2022
Transactions value $
$0
Form type
4
Date filed
9/19/2022, 04:08 PM
Previous filing
Jul 6, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BOXDQ Common Stock +Options Exercise +6,250 +15.87% 45,632 Sep 15, 2022 Direct F1, 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 BOXDQ Restricted stock units -Options Exercise $0 -6,250 -100% $0.00 0 Sep 15, 2022 Common Stock 6,250 Direct F1, F3
transaction BOXDQ Restricted stock units +Grant/Award $0 +66,489 $0.00 66,489 Sep 15, 2022 Common Stock 66,489 Direct F1, F4

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F2 Includes 39,382 shares of common stock acquired in a pro rata distribution in-kind, the acquisition was exempt pursuant to Rule 16a-9, of which 12,046 remain subject to forfeiture in the event the Issuer's common stock price does not exceed certain hurdles prior to December 8, 2026.
F3 On March 16, 2022, the reporting person was granted 6,250 RSUs, vesting on the day of the Issuer's first annual meeting of stockholders following the grant date, subject to continuing service on the Issuer's board of directors through the applicable vesting date.
F4 The RSUs vest on the earlier of (i) the day immediately preceding the date of the Issuer's first annual meeting of stockholders following the grant date and (ii) the anniversary of the grant date (September 15, 2023), subject to continuing service on the Issuer's board of directors through the applicable vesting date.