Yun Jung Choi - Apr 11, 2022 Form 4 Insider Report for Boxed, Inc. (BOXDQ)

Role
General Counsel & Secretary
Signature
/s/ Keri Fessler, Attorney-in-Fact
Stock symbol
BOXDQ
Transactions as of
Apr 11, 2022
Transactions value $
$0
Form type
4
Date filed
4/11/2022, 04:34 PM
Next filing
Jun 14, 2022

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 +185K $0.00 185K Apr 11, 2022 Common Stock 185K Direct F1
transaction BOXDQ Performance-based restricted stock units Award $0 +120K $0.00 120K Apr 11, 2022 Common Stock 120K 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 April 11, 2023.
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 PSUs vest based on the Issuer's stock price performance over the three fiscal-year period ending on December 31, 2024. The award will vest, if at all, based on continued service and the Issuer's common stock price exceeding certain hurdles. Any portion of the award that has not been earned by December 31, 2024 will be forfeited immediately thereafter.