Marklew Shaun - Aug 28, 2024 Form 4 Insider Report for Boxlight Corp (BOXL)

Role
Chief Technology Officer
Signature
/s/ Marklew Shaun
Stock symbol
BOXL
Transactions as of
Aug 28, 2024
Transactions value $
-$407
Form type
4
Date filed
8/29/2024, 04:15 PM
Previous filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOXL CLASS A COMMON STOCK Sale -$407 -885 -3.02% $0.46 28.4K Aug 28, 2024 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") held by the Reporting Person. Upon vesting of the RSUs, the sales are automatic, routine, non-discretionary transactions mandated by the Issuer under its equity incentive plan in order to satisfy the Reporting Person's tax withholding obligations which are funded by "sell to cover" transactions. These transactions are exempt under Section 16b-3 and do not represent discretionary trades by the Reporting Person.
F2 Consists of (i) 8,951 shares of Class A common stock and (ii) 19,451 RSUs which remain subject to certain vesting conditions.